On March 18, 2024, representatives from major tech companies including Apple, Meta, Amazon, Google, and Bytedance convened in Brussels for discussions related to the European Union's Digital Markets Act (DMA). Apple, in particular, faced scrutiny regarding its compliance with the DMA, specifically around its closed ecosystem and distribution fees. Despite criticism, Apple defended its actions, stating it has fully complied with the DMA's requirements. The company's distribution fees and their impact on rivals were a focal point, with concerns that the DMA's intent for competitors was primarily to reduce their financial obligations. Additionally, on March 19, 2024, the EU's antitrust chief, Margrethe Vestager, expressed intentions to investigate Apple's new fee structure and warned against disparaging rival services. Meta responded to regulatory discussions by proposing a reduction in its EU subscription fees from €9.99 to €5.99. The DMA's implementation has led to significant changes among tech giants, aiming to foster competition but also raising issues related to monetization and security.
"The sweeping regulations, known as the Digital Markets Act (DMA), are already forcing giants like Apple, Google and Meta to change their products to head off concerns that they may be stifling competition." More on how the DMA is regulating big tech 👇 https://t.co/5WYC1hAXOa
Exclusive: EU's Vestager warns about Apple, Meta fees, disparaging rival products https://t.co/7002OfIY4Z https://t.co/FZQXJVs9aC
The Digital Markets Act forced companies like Apple to open up opportunities for more competition, but the legislation has resulted in new problems with monetization and security concerns. #Apple By @hillitech https://t.co/6S9zuzKidr
⚠️ EXCLUSIVE-EU'S VESTAGER WARNS ABOUT APPLE, META FEES, DISPARAGING RIVAL PRODUCTS Full Story → https://t.co/1mhoRYF7Oa EU antitrust chief Margrethe Vestager on Tuesday warned Apple and Meta Platforms on their new fees for their services, saying that this may hinder users… https://t.co/4TQJfmAlzH
EU'S VESTAGER SAYS UNWISE FOR COMPANIES TO SAY RIVAL SERVICES ARE NOT SAFE TO USE, MAY TAKE INITIATIVES AGAINST THIS
EU'S VESTAGER SAYS WILL ASSESS WHAT IS NEXT PUSH TO GET META TO COMPLY WITH DIGITAL MARKETS ACT
EU'S VESTAGER SAYS APPLE'S NEW FEE STRUCTURE IS KIND OF THING SHE WILL BE INVESTIGATING
Important #FTC changes with arrival of two new commissioners. Ashley Baker of @CmteForJustice discusses re: @LinaKhanFTC agenda; importance of dissents + court challenges. Key info starts at 1 min. 5 sec. @andashleysays @neil_chilson @JGodiasMurphy https://t.co/BHeXQ2qQLq
(1/2) The European Antitrust Agenda: Apple Defends Changes at DMA Workshop; UK Targets Vet Market, Plans to Ban Foreign-Backed Media Deals; Spain Probes Pharma Sector...
At an EU DMA hearing, a Meta lawyer says the company has offered to cut its EU subscription fee from €9.99 to €5.99 per month after discussions with regulators (@fooyunchee / Reuters) https://t.co/5WarxvfVe9 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/XtodvnnQzi
Apple protests criticism that it's not complying with EU laws https://t.co/KJvzZHiXaJ #Apple
(1/2) The Antitrust Agenda: FDIC to Propose New Bank Merger Policy Thursday; FTC to Present Findings from Study of Retail Supply Chain Fragility; Former Colleagues Discuss Priorities for Holyoak and Ferguson...
Apple said it has complied with the EU's Digital Markets Act amid criticism that it has not done enough to open up its closed eco-system as required under the DMA list of obligations and prohibitions https://t.co/jl3ZcAs1oN https://t.co/WxFCz9mYUR
FTC and @JusticeATR to host third annual Spring Enforcers Summit on April 8: https://t.co/fPczDz46ZV
Apple pushes back on criticism, says it's fully complying with the DMA https://t.co/DWGGoqeRwD by @ChanceHMiller
At an EU DMA hearing, an Apple lawyer fended off criticism over DMA compliance; Meta, Amazon, Alphabet, ByteDance, and Microsoft will now have similar hearings (@fooyunchee / Reuters) https://t.co/vPiBLMPPuq 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/JvOvEoWDOP
Apple fended off criticism that it has not done enough to open up its closed eco-system as required under the European Union's Digital Markets Act, saying it has complied with the landmark legislation https://t.co/jl3ZcAs1oN https://t.co/XEz1NLzbo8
At Apple's DMA workshop in Brussels today. So far, the big takeaway is that rivals mainly care about the distribution fees that Apple will be charging. => Money matters more than default settings, steering, etc. => For rivals, the DMA was always about paying less. https://t.co/TcdLwMMmLK
Apple, Meta, Amazon, Google and Bytedance representatives land in Brussels this week for EU talks. Read the Brussels Edition https://t.co/RHc1K1gMq0