The European Commission is reevaluating its probes into tech giants including Apple, Meta and Alphabet's Google, the Financial Times reported on Tuesday. - REUTERS
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00:00The European Commission is re-evaluating its probes into US tech giants, including Apple,
00:07Meta and Alphabet's Google. That's according to Britain's Financial Times on Tuesday.
00:13The companies have urged US President-elect Donald Trump to challenge the EU's regulatory
00:18scrutiny against them. One source told the FT the implications of Trump's presidency
00:23were a factor in the review, although they clarified his victory had not triggered it.
00:29The report said the EU's review could lead to Brussels reducing or changing the range
00:33of the probes.
00:35It will cover all cases launched since March 2024 under the European Union's Landmark Digital
00:41Markets Act, or DMA. That is one of the strongest regulations targeting tech giants' market
00:47dominance.
00:48It dictates what the world's largest tech platforms can and cannot do, and can impose
00:53fines of up to 10% of a company's annual revenue.
00:56The FT reported all decisions and potential fines will be paused while the review is
01:00completed, but technical work on the cases will continue.
01:05It added regulators are now waiting for political direction to take final decisions on the Google,
01:10Apple and Meta cases.
01:12None of the three companies or the European Commission immediately responded to requests
01:16for comment.