"EU Launches Probes into Apple, Google, and Meta for Potential Heavy Fines"

1 min read
Source: CNN
"EU Launches Probes into Apple, Google, and Meta for Potential Heavy Fines"
Photo: CNN
TL;DR Summary

The European Union has launched investigations into Apple, Google, and Meta over suspicions of non-compliance with the Digital Markets Act, which aims to promote competition in digital services. If found in violation, the companies could face heavy fines of up to 10% of their global revenue. The probes are looking into various practices, including Meta's "pay or consent" approach, Apple's app store practices, and Google's treatment of third-party services in search results. The companies have responded, expressing confidence in their compliance with the law and their willingness to engage with the European Commission during the investigations.

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