EU probes Apple, Google, Meta under new digital law

SOURCE www.barrons.com
The EU has started probes against Apple, Google, and Meta under the Digital Markets Act, suspecting that they are not complying with their obligations.

Key Points

  • EU initiates first probes under Digital Markets Act against Apple, Google, and Meta
  • Concerns raised about compliance of gatekeepers with obligations
  • Potential for substantial fines against US tech giants

Pros

  • Ensuring compliance of tech giants with digital laws
  • Potential for big fines could deter future violations