OPINION: Attempted crackdowns from regulators haven't made much of a difference for Apple, Google, Facebook and other big techs, but the Digital Markets Act appears to finally change that dynamic, columnist tpoletti writes.
European regulators have a had a big target on Big Tech for years, but the companies have largely just paid their fines and tweaked their business models to maintain their paths in response.
For more: Landmark EU law could take billions from Apple, and already forced a major change at Google Apple, with $366 billion in fiscal 2021 revenue, could see a first fine of up to $37 billion, Microsoft with $168 billion in fiscal 2021 revenue, could see fines up to $17 billion, and Meta, with $118 billion in 2021 revenue, could see a fine of up to $11 billion.The rules could also lead to big changes for the companies.
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