Google, Apple breakups on the agenda as global regulators target tech.
FILE PHOTO: A 3D printed Google logo is placed on the Apple Macbook in this illustration taken April 12, 2020.Big Tech is facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged anti-competitive practices that could result in break-up orders to Apple and Alphabet’s Google, a first for the industry.
Google has said it disagreed with the EU’s accusations while Apple said the U.S. lawsuit is wrong on the facts and the law. Regulators now allege companies such as Apple, opens new tab and Google, opens new tab have built impenetrable ecosystems around their products, making it difficult for customers to switch to rival services, which led to the coining of the term walled gardens.
Big Tech will face more scrutiny shortly with Apple, Meta Platforms, opens new tab and Alphabet likely to be investigated for potential Digital Markets Act violations that could lead to hefty fines and even break-up orders for repeated breaches, people with direct knowledge of the matter told Reuters on Thursday, on the condition of anonymity.
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