EU Opens Non-compliance Probe Against Alphabet, Apple And Meta Under Digital Markets Act

RTTNews | 277 dias atrás
EU Opens Non-compliance Probe Against Alphabet, Apple And Meta Under Digital Markets Act

(RTTNews) - The European Commission said Monday it has opened non-compliance investigations against Google parent Alphabet, Inc. (GOOG), Apple Corp. (AAPL) and Facebook parent Meta Platforms, Inc. (META) under the Digital Markets Act. The Commission intends to conclude the proceedings opened today within 12 months.

The investigations involve Alphabet's rules on steering in Google Play and self-preferencing on Google Search, Apple's rules on steering in the App Store and the choice screen for Safari and Meta's "pay or consent model".

In case of an infringement, the Commission can impose fines up to 10% of the company's total worldwide turnover. Such fines can go up to 20% in case of repeated infringement.

The Commission suspects that the measures put in place by these gatekeepers fall short of effective compliance of their obligations under the DMA.

The Commission has also launched investigatory steps relating to Apple's new fee structure for alternative app stores and Amazon's ranking practices on its marketplace

Finally, the Commission has ordered gatekeepers to retain certain documents to monitor the effective implementation and compliance with their obligations.

Further, the Commission has granted Meta an extension of 6 months to comply with the interoperability obligation (Article 7 DMA) for Facebook Messenger. This follows a reasoned request submitted by Meta.

read more
Google Sues Consumer Finance Regulator Over Supervision Of Payment Arm

Google Sues Consumer Finance Regulator Over Supervision Of Payment Arm

Google has filed a lawsuit against the U.S. consumer finance regulator, which placed the tech major's payment unit under federal supervision, reports said. Earlier on Friday, the Consumer Financial Protection Bureau or CFPB announced its order to supervise Google Payment Corp., which could result in routine inspections and monitoring like those imposed on banks.
RTTNews | 18 dias atrás
Indian Regulator Denies Apple's Request To Pause Antitrust Report

Indian Regulator Denies Apple's Request To Pause Antitrust Report

Apple Inc.'s request to put on hold an investigation report that found the tech major breaching competition laws has been denied by the Indian antitrust regulator, Reuters reported citing an internal order. The Competition Commission of India or CCI has turned down the request, following which the case on Apple's app store practices on its iOS operating system will continue.
RTTNews | 32 dias atrás
Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks

Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks

The US Consumer Financial Protection Bureau or CFPB has finalized a rule to supervise Apple Inc. and other major technology firms that offer digital funds transfer and payment wallet apps, and treat them more like banks. In a statement, the US consumer watchdog said the rule on federal oversight of popular digital payment apps by the largest non-bank companies is aimed to protect personal data...
RTTNews | 35 dias atrás
DOJ Asks Court To Force Google To Sell Chrome

DOJ Asks Court To Force Google To Sell Chrome

The U.S. Department of Justice's antitrust officials have formally asked a federal judge to force Alphabet Inc.'s Google to sell Chrome web browser with a view to ending the tech major's illegal monopoly in search. The decision comes after a landmark ruling by District Judge Amit Mehta in August found that Google had violated US antitrust law by illegally monopolizing the search market.
RTTNews | 36 dias atrás
Domino's, Pool Corp. Climb After Buffett's Berkshire Buys Stake

Domino's, Pool Corp. Climb After Buffett's Berkshire Buys Stake

Shares of Domino's Pizza Inc. and swimming pool supplier Pool Corp. gained significantly in the extended trading in New York on Thursday after billionaire investor Warren Buffett's Berkshire Hathaway Inc. took stake in them. In the pre-market activity, Domino's shares were moving up 8 percent and Pool shares were up 7 percent.
RTTNews | 42 dias atrás
Google Names Nick Fox New Search Head, Prabhakar Raghavan Chief Technologist In AI Reshuffle

Google Names Nick Fox New Search Head, Prabhakar Raghavan Chief Technologist In AI Reshuffle

Tech major Google LLC announced reshuffle to its group structure and leadership roles in Artificial Intelligence to prepare its Knowledge & Information team for the Gemini era. With the move, the company aims to strengthen its race in AI, which moves faster than any other technology, amid surging competition. Prabhakar Raghavan, who has been leading Knowledge & Information, which includes Search,
RTTNews | 70 dias atrás
U.S. Justice Department Weighs Breakup Of Google

U.S. Justice Department Weighs Breakup Of Google

The U.S. Department of Justice said it is considering behavioral and structural remedies for Google LLC, noting that its anticompetitive conduct resulted in interlocking and pernicious harms that present unprecedented complexities. The move indicates that the DOJ was considering a possible breakup of Google as an antitrust remedy, reports said.
RTTNews | 79 dias atrás
Google To Stop Linking To News Content In New Zealand

Google To Stop Linking To News Content In New Zealand

Google's New Zealand division, in an update addressing the country's Fair Digital News Bargaining Bill, said it would be forced to stop linking to news content on Google Search, Google News, or Discover surfaces in the country. The Bill proposes a "link tax" that would require Google to pay simply for linking to news articles. In a New Zealand Blog post, the company said it would discontinue...
RTTNews | 84 dias atrás