By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Industry calls on EU competition chief to wrap up investigations
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > World News > Industry calls on EU competition chief to wrap up investigations
World News

Industry calls on EU competition chief to wrap up investigations

By Viral Trending Content 3 Min Read
Share
SHARE

EU probes into Apple, Alphabet and Meta — which were opened last March — remain unclosed.

Probes against companies for breaching the EU’s Digital Markets Act (DMA) should be wrapped up soon to stop ongoing breaches of the competition rules, a group of different associations and businesses urged Teresa Ribera, European Commissioner for Competitiveness, in a letter sent on Tuesday.

The DMA aims to ensure fair competition between online platforms and started to apply early 2024, but none of the European Commission investigations into US tech giants Apple, Alphabet and Meta for alleged breaches of the law, have been closed.

“The Commission rightly decided to open non-compliance investigations into such gatekeepers, but this has not led them to comply with the law. It’s time to adopt non-compliance decisions which deter gatekeepers from disregarding the law,” the letter, signed by 36 companies, including France Digitale, the Digital SME Alliance, Spotify as well as EU consumer group BEUC, said. 

The DMA was designed to give consumers greater choice and to achieve more innovation in online markets. The industry believes however, that these promises “remain unfulfilled”.

“We urge the European Commission to take immediate and decisive action, by first concluding the ongoing non-compliance investigations and by using all the tools it has available in the DMA. Breaking the law should no longer be a profitable business Strategy,” the letter said. 

In September 2023 the Commission identified six gatekeepers under the DMA: Alphabet, Amazon, Apple, ByteDance, Meta and Microsoft, who together account for 22 core platform services that fall under the scope of the rules. Last year, it added hotel renting website Booking.com to the list. They all had six months to comply with the rules. 

Last March, the EU executive opened non-compliance investigations into Alphabet – Google’s owner – Apple and Meta. In the meantime, the EU enforcer has sent preliminary findings to Apple and Meta. The first decisions are expected by March.

In case of an infringement, the gatekeepers risk fines up to 10% of their total worldwide turnover and up to 20% in case of repeated infringements.

You Might Also Like

A ‘glass-like’ battlefield: German Army chief on the future of warfare

How the U.S.-Israeli Strikes on Iran Have Damaged Schools and Hospitals

Lebanon Searches for Survivors After Israeli Barrage

Israel’s cabinet instructed ‘to begin direct negotiations’ with Lebanon, Netanyahu says

Watch: Orbán vs Magyar — where do Hungary’s rivals really stand on Europe?

TAGGED: Europe
Share This Article
Facebook Twitter Copy Link
Previous Article Ondo Finance brings tokenized US Treasury fund on Ripple’s XRP Ledger
Next Article BREAKING: Another South Korea jet bursts into flames
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
Business
Apple AI Pin Specs Leak: Dual Cameras, No Screen & More
Tech News
A ‘glass-like’ battlefield: German Army chief on the future of warfare
World News
Polymarket Sees Record $153M Daily Volume After Chainlink Integration
Crypto
Natasha Lyonne Then & Now: See Before & After Photos of the Actress Here
Celebrity
Cult Hit Doki Doki Literature Club Fights Removal From Google Play Store Over ‘Depiction Of Sensitive Themes’
Gaming News
Dead as Disco Launches Into Early Access on May 5th, Groovy New Gameplay Released
Gaming News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
April 10, 2026
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?