News sources related to Reuters report that the European Union, or EU, is preparing to investigate major technology companies such as Apple, Meta, and Alphabet for possible violations of the Digital Markets Act (DMA), which could result in fines of up to 10% of their revenue. Representatives of the EU, Apple, Meta, and Alphabet have not yet commented on the aforementioned report. The report does not clearly specify the exact reasons for the EU investigation, but it is speculated that for Apple, it may be related to the introduction of a new fee structure for the App Store in Europe, with Spotify claiming that Apple is not serious about complying with the DMA. As for Meta, the issue revolves around the Subscription service, where users pay a monthly fee to access Facebook and Instagram without ads in Europe.
Source: Reuters
TLDR: EU is looking into Apple, Meta, and Alphabet for potential violations of DMA, with possible fines of up to 10% of their revenue. Apple’s new App Store fee and Meta’s Subscription service are key areas of concern.
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