The European Commission has postponed announcing regulatory penalties against Apple and Meta, clearly influenced by ongoing trade negotiations with the US. This decision raised concerns among lawmakers in the European Parliament regarding political influence in regulatory affairs. Initially, the EC was set to announce cease-and-desist orders, but following meetings with US officials, it opted to delay. This is part of ongoing investigations under the Digital Markets Act aimed at promoting competition against Big Tech. Although potential fines exist, actual penalties are expected to be lower, with more significant impacts anticipated from cease-and-desist actions.
However, the WSJ reports that the financial penalties would be much lower than that, and the cease-and-desist orders would be much more impactful.
The EC probed Meta for its scheme that lets users opt out of personalized ads, for a price. Meanwhile, Apple's case relates to the company's rules that limit developers' ability to steer consumers to transactions outside the App Store.
Collection
[
|
...
]