The European Commission has initiated investigations into Apple, Google, and Meta to ensure compliance with the new Digital Markets Act antitrust rules, citing concerns over their proposed solutions. The investigations will focus on various aspects of the companies' practices, with potential fines of up to 10% of annual global revenue for non-compliance.
Key Points
Investigations initiated by European Commission into Apple, Google, and Meta for DMA compliance
Focus on anti-steering rules, self-preferencing, and ad targeting practices
Potential fines of up to 10% of annual global revenue for non-compliance
Pros
Ensuring fair and open digital markets in Europe
Holding tech giants accountable for compliance with antitrust rules
Cons
Potential fines of up to 10% of annual global revenue for non-compliance
Criticism from stakeholders regarding companies' compliance with DMA