The European Union (EU) is launching investigations into tech giants Apple, Google, and Meta (Facebook’s parent company) over concerns they might not be following a new law designed to promote fair competition in the digital market.
The Digital Markets Act (DMA), which came into effect earlier this month, requires dominant online platforms to give users more choices and provide a level playing field for competitors. The EU Commission suspects practices by these companies fall short of full compliance with the DMA and could result in “heavy fines” if investigations reveal violations.
Fines Could Reach Billions
Fines under the DMA are significant, reaching up to 10% of a company’s global revenue for the first offense and doubling for repeat offenders. This translates to potential tens of billions of dollars for most of the targeted companies.
Investigating Specific Practices
The EU is looking into several practices by these tech giants. One area of concern is Meta’s “pay or consent” model, where users can pay to opt out of personalized ads. The EU fears this might not be a genuine choice and could pressure users into surrendering personal data. Meta argues that subscriptions are a standard business practice and their offering complies with the DMA.
Another point of scrutiny is the app stores controlled by Apple and Google. The DMA mandates that these “gatekeepers” allow app developers to direct users to alternative app stores and payment methods outside their own platforms, free of charge. The EU suspects Apple and Google might be hindering developers’ ability to promote alternative offerings and impose unfair charges.
Apple’s “choice screen” for its Safari browser is also under investigation. The DMA requires Apple to present users with a clear option to choose a different default browser or search engine on their iPhones. Apple maintains their plan adheres to the DMA.
The EU also has concerns regarding Google Search. The Commission suspects Google might not be treating third-party services appearing in its search results fairly compared to its own offerings like Google Shopping and Flights. Google claims to have made significant changes to comply with the DMA and will defend its approach.
The investigations highlight the EU’s stance on promoting a more competitive digital landscape and protecting user privacy. The outcome of these probes could set a precedent for how big tech companies operate in the European market.
In a recent report released by the World Bank, East Asia and Pacific (EAP) economies are showcased as beacons of growth, surpassing global averages. However, the region faces impending headwinds, notably from China, casting a shadow over its growth trajectory for 2024.
The European Union (EU) is launching investigations into tech giants Apple, Google, and Meta (Facebook’s parent company) over concerns they might not be following a new law designed to promote fair competition in the digital market.
Google Chrome is on the brink of initiating a seismic shift that threatens to reshape the very foundation of the modern internet. The imminent demise…
In a highly anticipated market debut, Reddit stock took off, closing its first day of trading with a staggering 48% surge from its initial public offering (IPO) price of $34 per share. The social media giant’s stock concluded the day at $50.44, propelling its market capitalization to over $8 billion.
In a significant move in Vietnam’s corporate landscape, Vingroup, the country’s largest conglomerate, has completed the sale of a 41.5% stake and other assets in its retail arm, Vincom Retail, for a staggering $1.6 billion. This transaction ranks among the largest mergers and acquisitions (M&A) deals in Vietnam in recent years, underscoring the dynamism of the country’s economy and corporate sector.
The integration of artificial intelligence (AI) into various facets of healthcare has revolutionized patient care, and its impact on surgery is poised to be profound. Leveraging AI’s capabilities to connect, analyze, and predict based on operating room data holds the promise of enhancing surgical efficiency and clinical decision-making. Recognizing this potential, NVIDIA has partnered with Johnson & Johnson MedTech to explore new AI capabilities within the realm of surgery, with the goal of advancing the company’s connected digital ecosystem for surgical procedures.
Apple is reportedly in discussions with Alphabet, Google’s parent company, regarding the licensing of Google’s “Gemini” artificial intelligence (AI) training model for integration into iPhones.
An Illinois jury has delivered a significant verdict in a case involving Mead Johnson’s Enfamil baby formula, ordering the company to pay $60 million to the mother of a premature baby who died from an intestinal disease after consuming the formula.
In the fast-paced world of software development, innovation is the name of the game. Cognition, a leading tech company, has introduced a groundbreaking solution that promises to transform the industry as we know it: Devin AI, the world’s first AI software engineer. Devin AI is not just another tool in the developer’s toolbox; it’s a game-changer that leverages the power of artificial intelligence and machine learning to automate coding tasks and streamline the development process.
When it comes to acing a job interview, there are certain tactics that can help you stand out and impress prospective employers. From showcasing your passion for the role to demonstrating problem-solving skills, there are plenty of strategies to employ. However, it’s equally important to be mindful of phrases that could raise red flags during the interview process.
-
Cultural differences between the East and the West
-
Vietnam received recognition in the 29th World Travel Awards in numerous categories
-
Vietnamese dishes that fascinate foreigners
-
First NFT vending machine in the world is now operational in New York
-
The LEGO Group today began construction on a new $1 billion factory in Binh Duong, Vietnam
-
19 DeFi Startups To Watch

Neo Gamma: The Next-Gen Humanoid AI Robot for Home Assistance

Google Maps to revolutionize navigation with Satellite features, eliminating dead zones

Neo Gamma: The Next-Gen Humanoid AI Robot for Home Assistance

Google Maps to revolutionize navigation with Satellite features, eliminating dead zones

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Vibrant Activities in Ha Nam Cultural and Tourism Week 2023

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Unveiling the Heritage Guide: Vietnam Airlines’ Exquisite Travel Companion for Exploring Vietnam

Thomson Medical Group Expands Southeast Asian Presence with Acquisition of FV Hospital in Vietnam

By Rotation: The Startup Revolutionizing Fashion with Peer-to-Peer Clothing Rental

Neo Gamma: The Next-Gen Humanoid AI Robot for Home Assistance

Google Maps to revolutionize navigation with Satellite features, eliminating dead zones

Valentino Joins the Metaverse: An Exciting Partnership with UNXD

Coinbase Faces Technical Woes Amidst Bitcoin Surge to $64,000

Coinbase Faces Technical Woes Amidst Bitcoin Surge to $64,000

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Abode: Artist Challenges Adobe’s Dominance with Lifetime Creative Software Suite

By Rotation: The Startup Revolutionizing Fashion with Peer-to-Peer Clothing Rental

Threads App’s Rollercoaster Ride: Plummeting 82% of Users Raise Concerns for Meta’s Social Experiment

Job Interview Red Flags: Phrases to avoid according to a former Google recruiter

Exploring the Enchanting Wonders of Hawaii- A Journey to Remember

Vibrant Activities in Ha Nam Cultural and Tourism Week 2023

Thomson Medical Group Expands Southeast Asian Presence with Acquisition of FV Hospital in Vietnam
