European Union regulators have opened investigations into Apple, Google and Meta, in the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets that took effect earlier this month.

European Union regulators opened investigations into Apple, Google and Meta on Monday, in the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets that took effect earlier this month.

The European Commission, the 27-nation bloc’s executive arm, said it was investigating the companies for “non-compliance” with the Digital Markets Act.

The Digital Markets Act is a broad rulebook that targets Big Tech “gatekeeper” companies providing “core platform services” by forcing them to comply with a set of do’s and don’ts, under threat of hefty financial penalties or even breaking up businesses. The rules have the broad but vague goal of making digital markets “fairer” and “more contestable” by breaking up closed tech ecosystems that lock consumers into a single company’s products or services.

  • AutoTL;DRBEnglish
    2•6 months ago

    This is the best summary I could come up with:

    LONDON (AP) — European Union regulators opened investigations into Apple, Google and Meta on Monday, in the first cases under a sweeping new law designed to stop Big Tech companies from cornering digital markets that took effect earlier this month.

    The Digital Markets Act is a broad rulebook that targets Big Tech “gatekeeper” companies providing “core platform services” by forcing them to comply with a set of do’s and don’ts, under threat of hefty financial penalties or even breaking up businesses.

    The rules have the broad but vague goal of making digital markets “fairer” and “more contestable” by breaking up closed tech ecosystems that lock consumers into a single company’s products or services.

    The commission said in a press release that it “suspects that the measures put in place by these gatekeepers fall short of effective compliance of their obligations under the DMA.”

    The commission said it’s concerned the two companies are imposing “various restrictions and limitations” including charging fees that prevent apps from freely promoting offers.

    It’s also looking into Meta’s option for users to pay a monthly fee for ad-free versions of Facebook or Instagram so they can avoid having their personal data used to target them with online ads.

    The original article contains 368 words, the summary contains 202 words. Saved 45%. I’m a bot and I’m open source!