EU tough on tech regulation, fines Apple and Meta, Google and X next targets

From Yahoo Finance: 2025-04-23 06:39:00

EU regulators are cracking down on Big Tech, imposing fines on Apple and Meta for violating Digital Markets Act. Despite U.S. concerns of tariffs, the EU remains firm. Questions loom over possible retaliation and the impact on future regulations. The focus is on compliance, not sanctions, but the threat of tariffs persists.

Google may face orders to sell part of its adtech business after a U.S. court ruling found it dominates online advertising markets. The EU’s tough stance could be influenced by the U.S.’s actions. Pressure mounts on regulators to act decisively against Big Tech to ensure fair competition.

European Parliament urges EU regulators not to delay decisions on Google and X, emphasizing the importance of competition policy. Low fines do not weaken EU competition policy if they lead to significant changes in business practices. The focus is on maintaining a level playing field in the tech industry.

Elon Musk’s X is also under scrutiny, facing possible fines for breaching the Digital Services Act. The EU’s investigation into X adds to the pressure on Big Tech to comply with regulations. The outcome of these cases will shape the future of competition policy in the tech sector.

Read more: Analysis-Google, X next targets as Europe stays tough on tech regulation