"EU Launches Wide-Ranging Probes into Tech Giants Alphabet, Apple, and Meta"
TL;DR Summary
The European Union has launched investigations into Alphabet, Apple, and Meta for potential violations of the region's new competition law, signaling the bloc's commitment to enforcing the new rules. The inquiries focus on whether the companies are unfairly favoring their own app stores and services to exclude rivals, with potential fines of up to 10 percent of their global revenue. The companies had already made changes to comply with the law, but regulators deemed them insufficient, emphasizing the seriousness of compliance with the new regulations.
- E.U. Takes Aim at Alphabet, Apple and Meta in Wide-Ranging Investigations The New York Times
- Apple, Google and Meta at risk of ‘heavy’ fines as Europe launches new probes CNN
- EU Launches Probes Into Apple, Meta, Google Under New Digital Competition Law The Wall Street Journal
- EU launches probe into Meta, Apple and Alphabet under sweeping new tech law CNBC
- Google, Apple breakups on the agenda as global regulators target tech Reuters
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