EU's Investigation of Tech Giants Under New Digital Markets Act

The European Union has initiated investigations into Apple, Meta, and Alphabet under the new Digital Markets Act, focusing on possible antitrust issues and lack of compliance with competition rules. The probes mark the first formal investigations under this landmark law, with a particular emphasis on Apple's business practices. The EU's competition chief highlighted concerns regarding restrictions on developers linking to external sites and the difficulty in replacing default apps on Apple devices. The companies could face heavy fines if found to be in violation of the Digital Markets Act.