The European Union has taken a significant step by launching the first-ever probes into major tech giants Apple, Alphabet, and Meta under the newly enacted Digital Markets Act (DMA). These investigations mark a pivotal moment in the EU's efforts to regulate the digital landscape and ensure fair competition within the market.
The European Commission, the EU's antitrust regulator, stated that it \"suspects that the measures put in place by these gatekeepers fall short of effective compliance of their obligations under the DMA.\" This suggests that the EU believes these companies may not be fully adhering to the rules set forth by the DMA, which aims to curb monopolistic practices and promote a healthier digital economy.
Should the investigations conclude that Apple, Alphabet, and Meta have violated the DMA, the repercussions could be severe, including substantial fines. This move underscores the EU's commitment to enforcing digital regulations and holding even the largest U.S. tech firms accountable for their market practices.
Reference(s):
cgtn.com
