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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

The EU will prosecute Apple and Meta under groundbreaking tech rules, insiders claim.

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A large poster of the iPhone 15 Pro in China outside of an Apple Store Wangfujing Street in Beijing / Image Credits – Shutterstock

On Friday, three sources said Apple and Meta Platforms will likely face prosecution for violating historic EU laws meant to limit their dominance before the summer.
Opens new tab European Commission investigates two firms and Alphabet .According to sources, Google prioritizes Apple and Meta under the Digital Markets Act (DMA) in March.

Creator: YVES HERMAN

The DMA compels Big Tech to allow smaller competitors to compete and make it easier for users to switch between social media platforms, browsers, and app stores.
Before summer vacation in August, EU regulators will release preliminary conclusions comparable to antitrust accusations, with Apple charged first, followed by Meta, sources added.
Meta and the Commission rejected comment. Apple cited its March statement that it was satisfied its proposal complied with the DMA and that it continues to constructively engage with the Commission.

Companies can propose solutions to rectify the findings before a final decision before EU antitrust chief Margrethe Vestager leaves office in November, which could include fines up to 10% of global annual revenue for breaches.
The EU inquiry targets Apple’s steering rules, which authorities claim prevent app developers from notifying customers about free deals outside the App Store, and its new app developer fees.

People say EU regulators will prosecute Apple for this issue, but a second inquiry into Safari’s option screen will take longer.
The people said Meta’s preliminary findings center on its recently launched pay or consent model, where users pay a membership fee for ad-free Facebook and Instagram.
The FT first the news that Apple would face EU prosecution.


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