Apple, Google, Meta targeted under new European law to prevent cornering of digital markets
The European Commission, the 27-nation bloc’s executive arm, said Monday it was investigating the companies for “non-compliance” with the Digital Markets Act. It's a broad rulebook that targets Big Tech European Union regulators have initiated investigations into Apple, Google and Meta under a new law designed to prevent Big Tech companies from cornering digital markets. The Digital Markets Act, which took effect earlier this month, targets Big Tech "gatekeeper" companies with financial penalties or even breaking up businesses. The rules aim to make digital markets fairer and more contestable. The European Commission is investigating the companies for non-compliance with the act.
Published : a month ago by KELVIN CHAN - AP Business Writer in World
LONDON (AP) — European Union regulators have opened investigations into Apple, Google and Meta, in the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets that took effect earlier this month. The European Commission, the 27-nation bloc’s executive arm, said Monday it was investigating the companies for “non-compliance” with the Digital Markets Act. It's a broad rulebook that targets Big Tech “gatekeeper” companies forcing them to comply with a set of do’s and don’ts, under threat of hefty financial penalties or even breaking up businesses. The rules have the broad but vague goal of making digital markets “fairer” and “more contestable."