BUSINESS

EU Digital Markets Act Inquiries are Expected for Apple, Meta, and Google

According to persons with firsthand knowledge of the situation, Apple, Meta Platforms, and Alphabet’s Google are scheduled to undergo an investigation to see if they violated the Digital Markets Act of the European Union.

Before EU antitrust leader Margrethe Vestager’s tenure expires in November, the European Commission is expected to make an announcement about the probes in the next few days and make a judgment, they added.

Up to 10% of the firm’s yearly worldwide sales may be lost due to DMA breaches. In order to maintain fair playing fields, corporations must provide customers and competitors with more options, as mandated by the historic EU tech law.

The Commission said it would not comment. Requests for comments from Apple, Meta, and Google were not immediately answered.

Vestager told Reuters earlier this week in an interview that customers would not be able to take advantage of the DMA’s advantages because of Apple and Meta’s increased service prices.

She also cited strategies used by some businesses to denigrate competitors’ goods or services in an effort to deter customers from transferring, stating that such actions were foolish on the part of the businesses.

The impending DMA investigations against Apple, Meta, and Google were initially reported by Bloomberg.

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