The European Union is investigating “serious cases” of possible violations of digital market laws by companies.
Apple, Google and Meta face fines of up to 10% of revenue under a new law aimed at curbing the influence of big tech companies. The EU has launched a large-scale investigation into these companies, Bloomberg reported on Monday, March 25.
“We suspect that the proposed solutions presented by the three companies do not fully comply with the DMA,” said EU competition chief Margrethe Vestager. He added that the investigations involved “serious cases.”
Apple and Google’s App Store rules will be the target of the first investigations under the EU’s Digital Markets Act (DMA), the European Commission said on Monday. The commission will examine how Google’s search results may unfairly favor the company’s own services, as well as how Apple may make it difficult for users to choose alternatives to the Safari browser.
Meta’s new subscription fee for using the Instagram and Facebook platforms will also come under careful scrutiny.
For violating these rules, companies can face fines of up to 10% of their global revenue, and for repeated violations – up to 20%.
The European Commission also warned of further scrutiny of Apple’s new commission structure for alternative App Stores and Amazon.com’s ranking practices in its marketplace.
It was previously reported that the European Commission fined Apple more than 1.8 billion euros for violating antitrust laws.
France fines Google 250 million euros for refusing to pay media.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.