Explainer-Why is the EU probing Big Tech under the Digital Markets Act?

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Finance Finance Headlines News

Finance Finance Latest News,Finance Finance Headlines

Explore stories from Atlantic Canada.

Watch onLONDON - The European Union on Monday launched investigations into Alphabet, Apple and Meta for potentially breaching a landmark new law designed to prevent Big Tech having an unfair advantage over competitors.

Whenever you make an in-app purchase on an iPhone or an Android device – such as ordering food for delivery or upgrading to the premium version of Strava – Apple or Alphabet will usually take a cut of the fee. That becomes more complicated with online marketplaces, where tech companies have been accused of displaying their own products more prominently than those of their rivals, giving themselves an unfair competitive edge.

The EU said it was concerned the company had not made such choice as easy as it should be for users, and would investigate.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Explainer-Why is the EU probing Big Tech under the Digital Markets Act?The European Union on Monday launched investigations into Alphabet, Apple and Meta for potentially breaching a landmark new law designed to prevent Big Tech ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »