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The European Commission is reassessing its probes into major tech firms, including Apple (NASDAQ:AAPL), Meta (NASDAQ:META), and Alphabet's (NASDAQ:GOOGL) Google, as reported by the Financial Times. This comes after the companies urged U.S. President Donald Trump to intervene against what they see as excessive EU enforcement.
The review could lead to reductions or adjustments in cases launched under the EU’s Digital Markets Act (DMA) since March 2024. Introduced in 2022, the DMA imposes strict rules on Big Tech, aiming to foster fair competition, improve content moderation, and give consumers greater choice.
While decisions and fines will be on hold during the review, technical investigations will continue. The European Commission is reportedly awaiting political direction to finalize actions against Apple, Meta, and Google.
The DMA, one of the world’s toughest regulations on tech giants, seeks to curb market dominance. However, the targeted companies argue that these measures hinder innovation and global competitiveness.
Neither the European Commission nor the tech giants have commented on the ongoing review. The outcome is expected to have far-reaching implications for how Big Tech operates in Europe and beyond.
This critical reassessment underscores the EU's effort to balance innovation with fair competition while addressing concerns about the growing influence of tech giants on the global market.
