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EU Targets Apple and Meta with Landmark Tech Probes – Investor Bytes
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EU Targets Apple and Meta with Landmark Tech Probes

According to three persons with intimate knowledge of the situation, Apple and Meta Platforms will probably be charged for violating historic EU regulations intended to limit their dominance before the summer. These reports were made on Friday.

admin by admin
June 15, 2024
in Tech
0
EU Targets Apple and Meta with Landmark Tech Probes
  • According to the persons, Apple and Meta are priority issues for the European Commission, which launched investigations against the two businesses as well as Alphabet’s Google in March under the Digital Markets Act (DMA).
  • To comply with the DMA, Big Tech must provide room for smaller competitors and facilitate users’ switching between rival online services, such as social networking sites, web browsers, and app stores.
  • Before the August summer vacation, EU authorities will release preliminary conclusions akin to antitrust charges; the first to be accused is Apple, followed by Meta, according to the sources.
  • Both Meta and the Commission refused to comment. Apple pointed to its statement from March, in which it said that it was certain that its approach conforms with the DMA and that it is still in positive communication with the Commission.
  • Before a final judgment is anticipated before EU antitrust head Margrethe Vestager leaves office in November, companies may provide remedies to address the issues outlined in the report. Remedies could include penalties of up to 10% of a company’s worldwide annual sales for violations.
  • The EU probe focuses on Apple’s guiding guidelines, which authorities claim place restrictions on app developers’ ability to notify consumers about free deals outside of the App Store, as well as the company’s new levies for app developers.
  • According to the sources, Apple is anticipated to face penalties from EU authorities over this matter. They also said that a follow-up inquiry that centers on the company’s choice screen for the Safari web browser is probably going to take longer.
  • According to the persons, Meta’s newly implemented pay or consent strategy, in which users pay a monthly fee to access Facebook and Instagram ad-free, is the subject of the preliminary investigation.
Source: indianexpress

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