Posted 3/21/2024, 4:18:11 PM
EU Launches Antitrust Investigations into Apple, Google, and Meta Over App Store Fees and Data Policies
- Apple and Google face EU investigations into compliance with new Digital Markets Act, could lead to large fines
- Probes to focus on Apple and Google's fees, terms, and conditions for app developers
- Meta's proposed monthly subscription fee for Facebook and Instagram without ads could also get EU scrutiny
- Comes as US Justice Dept sued Apple for antitrust over blocking rivals' access to iPhone hardware/software
- EU can levy fines up to 10% of company's annual worldwide revenue, 20% for repeat offenders