In a move to enforce digital market regulations, the European Union is pressing forward with investigations into tech giants Apple and Meta. Competition chief Teresa Ribera confirmed that next month, the EU will announce whether the companies have complied with the Digital Markets Act rules.
Despite tensions in the transatlantic relationship, the Union remains steadfast in its commitment to holding American tech companies accountable for potential violations. The Digital Services Act and Digital Markets Act were implemented to safeguard EU citizens and prevent tech firms from abusing their dominant market positions.
Teresa Ribera Rodriguez, Vice-President of the European Commission for Clean, Just and Competitive Transition and Commissioner for CompetitivenessRibera emphasized the importance of upholding EU values such as human rights, democracy, and unity, stating that the Union cannot compromise on these principles. The scrutiny on tech giants like Meta, Alphabet, Amazon, and X (formerly Twitter) underscores the EU's commitment to fostering fair competition and protecting consumers.
With the power to approve mergers and levy fines on companies, Ribera has already compelled Apple to allow third-party app stores on iOS and directed Meta to promote Marketplace on Facebook to level the playing field for classified ads providers. Even social media platform X, owned by Elon Musk, faces scrutiny for potential violations of EU regulations.
The ongoing investigations signal the EU's determination to rein in tech giants and ensure a fair digital marketplace for all stakeholders.
