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.
FILE - The Apple logo is illuminated at a store in Munich, Germany, Monday, Nov. 13, 2023. European Union regulators opened investigations into Apple, Google and Meta on Monday March 25, 2024 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. FILE - Google’s first datacenter in Germany is pictured during its inauguration in Hanau near Frankfurt, Germany, Oct. 6, 2023.
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.
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