Apple and Meta receive the first EU DMA antitrust fines — up to $600 million or more if they do not correct themselves in 60 days
Apple and Meta became the first companies to receive financial penalties for violating the new EU Digital Markets Act (DMA).
Guilty: Amazon, along with Samsung, Xiaomi and others, monopolized 90% of the second smartphone market in the world
Samsung, Xiaomi and other manufacturers have colluded with Amazon and Flipkart (owned by Walmart) in India. Smaller retailers do not have access to the new smartphones.
A blow to tech giants: EU court orders Apple to pay €13 billion in taxes and Google to pay €2.4 billion in fines
The European Court of Justice has confirmed the legitimacy of multibillion-dollar fines for tech giants Apple and Google, strengthening the EU’s position in the fight against monopolies.
Apple loses $20 billion a year due to Google’s recognition as a monopolist
Google pays Apple about $20 billion a year to remain the main search engine on the platform. According to the latest court decisionthe transaction may be declared invalid.
Not just in the EU: Microsoft to separate Teams and Office 365 for customers worldwide
Teams, which was added to Office 365 for free in 2017, later replaced Skype for Business and became popular during the pandemic in part due to video conferencing. However, in 2020, Salesforce, which offers a rival messaging app called Slack, filed an antitrust complaint against Microsoft over the merger.
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