EU Launches Landmark Antitrust Investigations into Apple, Google, and Meta Over Digital Market Power

• European Union regulators opened investigations into Apple, Google, and Meta for possible violations of the new Digital Markets Act meant to prevent cornering of digital markets.

• The investigations will look into whether the companies are complying with rules around app stores, search results, web browsers, and targeted ads.

• Possible penalties include large fines or breaking up businesses if found to be non-compliant.

• The companies claim they have made significant changes to comply but will continue engaging with regulators.

• Regulators aim to complete investigations within 12 months.