EU Decision on Apple, Meta Digital Markets Act Violations Expected Soon
EU Decision on Apple, Meta Digital Markets Act Violations Expected Soon

EU Decision on Apple, Meta Digital Markets Act Violations Expected Soon

News summary

The European Union is set to announce decisions in the coming weeks regarding potential violations of the Digital Markets Act (DMA) by Apple and Meta Platforms, as confirmed by EU antitrust chief Teresa Ribera. Investigations that began in March last year may result in modest fines for both companies, aimed at curbing their market dominance and ensuring fair competition. Meta has criticized the EU's focus on American companies, arguing that it unfairly targets them while letting European and Chinese competitors off the hook. The situation is compounded by rising trade tensions between the U.S. and EU, with potential retaliatory measures from the U.S. looming over the fines. Ribera acknowledged that the timeline for the decision has shifted from an earlier expected date in March. Both companies are awaiting the ruling, which could have significant implications for their operations in Europe.

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Last Updated
16 days ago
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