The European Commission has launched comprehensive investigations into Apple, Google and Meta (recognized as extremist and banned in Russia) to determine whether their practices comply with the new EU digital markets law. According to this Bloomberg Tech giants face hefty fines of up to 10% of global revenue.
The antitrust agency will examine rules that could limit competition for Apple and Google applications. Google’s search results and the potential difficulty of choosing an alternative to the Safari browser on Apple devices will also be targeted.
EU Competition Commissioner Margrethe Vestager said that the solutions proposed by the companies do not comply with the digital markets law. According to him, we are talking about “serious violations”.
The EC warned that they would also consider the new Meta payment system for Facebook (the owner of the Meta company is known as an extremist and is banned in Russia) and Instagram (the owner of the Meta company is known as an extremist and is banned in Russia). ) and an application for sorting products on the Amazon marketplace. For repeated violations, fines can reach 20% of revenue.
Representatives from Apple, Google and Meta said their products are fully compliant with the EU Digital Markets Act. Previously, Apple was fined €1.8 billion for limiting the capabilities of its streaming services.
Apple in early March parole The greatest punishment in history.
Previously France fine Another 250 million euros to Google.
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Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.