🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥

Startup Showcase

Premium Content

Try our Valuation Calculator →

News on Medial

EU antitrust chief warns about Apple, Meta fees, disparaging rival products

Economic Times

Economic Times · 1y ago

EU antitrust chief warns about Apple, Meta fees, disparaging rival products

EU antitrust chief, Margrethe Vestager, has expressed concerns over Apple and Meta Platforms' new fees for their services. She warned that these fees may hinder users from benefiting from the Digital Markets Act (DMA), which aims to provide more choices to consumers. Apple's new fee structure, including a core technology fee of 50 euro cents per user account per year, has attracted criticism from rivals like Epic Games. Vestager also expressed reservations about Meta's new fees and warned against companies discouraging users from switching to rivals through disparagement. She emphasized the importance of continuing conversations with Meta and assessing their compliance with the DMA.

Related News

Apple, Meta, Google set to face EU Digital Markets Act probes

Economic Times

Economic Times · 1y ago

Apple, Meta, Google set to face EU Digital Markets Act probes

Summary: EU antitrust regulators are set to investigate Apple, Meta Platforms, and Google under the Digital Markets Act. The European Commission is expected to announce the investigations and make decisions before the end of EU antitrust chief Margrethe Vestager's term in November, according to sources.

European regulators crack down on Big Tech

Economic Times

Economic Times · 1y ago

European regulators crack down on Big Tech

European regulators are cracking down on Big Tech, with investigations and potential fines on the horizon for Apple, Meta Platforms (formerly known as Facebook), and Google. The alleged breaches include disparaging rival products on their platforms. The European Union's Digital Markets Act (DMA) could result in fines of up to 10% of their global annual turnover for these companies. Additionally, there have been actions taken against other tech giants, such as Microsoft and Amazon, in various European countries like the UK, France, Germany, Italy, and the Netherlands.

Meta should offer free alternative options, EU's Breton says

Economic Times

Economic Times · 1y ago

Meta should offer free alternative options, EU's Breton says

EU industry chief, Thierry Breton, has stated that Meta Platforms should provide free alternative options instead of introducing new fees to comply with the EU's Digital Markets Act. In response to criticism from rivals and users, Meta launched a no-ads subscription service in Europe last November.

EU antitrust chief Vestager to hold news conference, Apple in focus

Economic Times

Economic Times · 1y ago

EU antitrust chief Vestager to hold news conference, Apple in focus

The European Union's antitrust chief, Margrethe Vestager, is scheduled to hold a press conference to discuss a competition case. While the specifics have not been disclosed, it is expected that she will announce a fine and require Apple to allow music streaming services, such as Spotify, to inform users about alternative options outside of Apple's App Store. This case stems from Spotify's complaint to the EU antitrust regulator in 2019.

Meta says EU antitrust regulators are discriminating against its business model - The Economic Times

Economic Times

Economic Times · 19d ago

Meta says EU antitrust regulators are discriminating against its business model - The Economic Times

Meta Platforms has criticized EU antitrust regulators, claiming discrimination against its business model and shifting compliance expectations. Despite this, Meta has actively engaged in discussions and made significant changes to its operations. A Meta spokesperson stated that their offerings in the EU not only comply with regulations but exceed them. The company remains confident in its approach, seeking to align with EU rules while addressing concerns about its pay-or-consent model.

Google to be hit with EU charges of breaching Big Tech rules, sources say

Economic Times

Economic Times · 4m ago

Google to be hit with EU charges of breaching Big Tech rules, sources say

Alphabet's Google faces EU charges over breaching Big Tech rules, as its search results changes failed to ease EU antitrust concerns. The European Commission's move follows tensions with the US, amid investigations into Google potentially favoring its services over rivals, violating the Digital Markets Act (DMA). Despite proposed changes by Google, EU regulators remain dissatisfied, with charges expected soon alongside ongoing probes into Apple and Meta.

Amazon likely to face investigation under EU tech rules next year

Economic Times

Economic Times · 7m ago

Amazon likely to face investigation under EU tech rules next year

Amazon is expected to face an investigation by EU regulators in 2022 over allegations of favoring its own brand products on its platform. The investigation will be conducted under the European Union's Digital Markets Act, which aims to regulate the power of Big Tech companies. If Amazon is found guilty of breaching the Act, it could face a fine of up to 10% of its global annual turnover. The decision on whether to proceed with the investigation will be made by incoming EU antitrust chief Terera Ribera, who is set to replace Margrethe Vestager next month. Amazon has stated that it is compliant with the Act and has been engaging constructively with the Commission. Other tech companies, including Apple, Google, and Meta Platforms, are also being investigated under the Act.

Apple reportedly faces its first EU antitrust fine

Business Insider

Business Insider · 1y ago

Apple reportedly faces its first EU antitrust fine

The European Union is expected to fine Apple approximately 500 million euros ($539 million) for allegedly breaching EU competition rules. The fine is a result of Apple's actions to hinder rival music streaming services from informing users about cheaper alternatives outside of the App Store. The investigation began after Spotify filed a complaint in 2019. Apple recently announced changes to comply with the Digital Markets Act, reducing the commission from 30% to 17%. Spotify CEO, Daniel Ek, criticized the changes, stating they could lead to astronomical fees for popular apps.

Intel spars with EU regulators over $421 million antitrust fine

Economic Times

Economic Times · 2m ago

Intel spars with EU regulators over $421 million antitrust fine

Intel is contesting a €376 million antitrust fine from the EU related to practices that excluded market rivals. Previously, a higher €1.06 billion fine from 2009 was annulled in 2022, but a subsequent fine was re-imposed for Intel's payments to delay rival products. Intel argues the penalty is unfair and not reflective of the limited violations, while the EU maintains the fine's proportionality. A court ruling is anticipated soon.

EU antitrust chief Vestager to hold press conference, big tech likely in focus

Economic Times

Economic Times · 1y ago

EU antitrust chief Vestager to hold press conference, big tech likely in focus

EU antitrust chief Margrethe Vestager and EU industry chief Thierry Breton will hold a joint press conference to announce investigations into potential breaches of the Digital Markets Act (DMA) by Big Tech companies.

Trackers

Active Indian VC’s

OG Capital Email

With a hands-on approach, OG Capital aims to invest in over 20 promising...

Accel Partners Email

Early and growth-stage investments in disruptive technology companies with...

Early-stage venture capital firm investing in technology startups in India. Focus on...

Access All Trackers

Startup Showcase Winners

June 2025

Helping your parents when you are miles away

The Pit Stop Your Cravings Deserve

The next generation E-commerce platform

Enter Ongoing Startup Showcase

Top Users

Trending News on Medial

Meta acquires voice startup Play ...

From 66 to 4: Why Y Combinator is ...

Zomato CEO Deepinder Goyal buys l ...

Download the medial app to read full posts, comements and news.