According to the Financial Times, the European Commission (EC) is reviewing its investigations into tech giants such as Apple, Meta, and Alphabet's Google.
Tech giants have recently urged President-elect Donald Trump to challenge European Union (EU) regulatory oversight of their operations.
The European Commission is reviewing its investigations into tech giants such as Apple, Meta, and Alphabet's Google.
A source told the Financial Times that the impact of Trump's presidency is a factor to consider, while clarifying that the billionaire's victory was not the reason the EC reopened the investigations.
According to the Financial Times, the EC's review could lead to Brussels reducing or changing the scope of the investigations and would include all cases initiated since March 2024 under the EU's landmark Digital Markets Act (DMA).
The DMA is one of the strictest laws targeting the market dominance of tech giants, stipulating what the world's largest tech platforms can or cannot do and imposing fines of up to 10% of a company's annual revenue.
Under the EC's plan, all decisions and potential penalties will be suspended until the investigation is complete, but technical work on the cases will continue.
According to the Financial Times, regulators are currently awaiting guidance before making a final decision on the cases of Google, Apple, and Meta.
The DMA came into effect in 2022 with the goal of curbing the power of large "Big Tech" companies and ensuring a level playing field for smaller businesses.
Last week, Meta canceled its U.S. fact-checking program in one of the biggest overhauls yet on its approach to moderating political content on the service. This came as CEO Mark Zuckerberg expressed a desire to mend relations with the upcoming Trump administration.
On Monday, Bloomberg News reported that the EU is considering expanding its investigation into whether the social media platform X, owned by Trump's close friend Elon Musk, violated content moderation rules.
Source: https://www.baogiaothong.vn/cac-ong-lon-cong-nghe-apple-google-va-meta-bi-lat-lai-dieu-tra-192250114161201194.htm
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