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Economic Times

Economic Times

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

The European Union has launched investigations into Alphabet, Apple, and Meta (formerly Facebook) for potentially breaching the Digital Markets Act (DMA), which aims to prevent unfair advantage for Big Tech. The investigations will focus on anti-steering behavior in payment systems and self-preferencing of products. Apple's compliance with uninstallation and default settings changes, as well as Meta's pay-or-be-tracked policy, will also be examined. Violations could result in fines of up to 10% of a company's global annual turnover. Google and Apple have expressed confidence in their compliance, while Meta says it is trying to adhere to the act's guidance.

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