Apple, Meta and Google are under the EU's spotlight !

Apple, Meta and Google are under the EU's spotlight ! 

The European Union (EU) announced that it has launched investigations against the world's largest technology companies to examine anti-competitive practices. Alphabet, which owns Meta, Apple and Google, is being examined for possible breaches under the Digital Markets Act (DMA), introduced in 2022.

If they have breached the rules, these companies could face fines as large as 10% of their annual turnover. EU competition chief Margrethe Vestager and industry chief Thierry Breton announced the investigations on Monday. There are six companies with obligations under the DMA: Alphabet, Apple, Meta, Amazon, Microsoft and ByteDance.

None of these companies are actually headquartered in Europe. Five are in the US and ByteDance is in Beijing. The companies were immediately investigated after submitting their compliance reports just two weeks ago. These reports, designed to comply with the EU's regulatory obligations, were carefully prepared by the companies.