European Union regulators have initiated investigations into tech giants Apple, Google, and Meta in the first cases under the newly implemented Digital Markets Act. The European Commission, the executive arm of the 27-nation bloc, announced that the companies are being probed for potential non-compliance with the regulations outlined in the Digital Markets Act.
The Digital Markets Act is a comprehensive set of rules aimed at preventing Big Tech companies from monopolizing digital markets. It specifically targets 'gatekeeper' companies that provide core platform services, compelling them to adhere to a set of guidelines to ensure fair competition. Failure to comply could result in significant financial penalties or even the breakup of businesses.
