EU Launches Landmark Antitrust Probes into Apple, Google, and Facebook Over App Stores, Ads, and Data

• E.U. regulators announced investigations into Alphabet, Apple, and Meta for potential violations of new competition law • Inquiries are the first since the Digital Markets Act took effect on March 7th • Investigations focus on whether Apple and Alphabet unfairly favor their own app stores over rivals • Meta being questioned about new ad-free subscription service and use of data for ad sales • Companies could be fined up to 10% of global revenue, which is billions for each company