Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Politics
Anusuya Lahiri

After US, Big Tech Sees More Trouble From EU: Reuters

European Union Nasdaq Google United States Alphabet Inc Apple Meta Microsoft Corp
  • Strict new rules targeting the U.S. tech giants will likely be effective in October, Reuters reports based on EU antitrust chief.
  • In 2021, Margrethe Vestager proposed a list of dos and don'ts for Amazon.com Inc (NASDAQ:AMZN), Apple Inc (NASDAQ:AAPL), Meta Platforms Inc (NASDAQ:FB), Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) unit Google and Microsoft Corp (NASDAQ:MSFT) under the Digital Markets Act.  
  • Also Read: US Senate Votes On App Store Bill Targeted At Big Tech
  • The penalties for the breach of the Act ranged from 10% of a company's annual global turnover to 20% for repeat offenders who could face an acquisition ban.
  • The companies assigned as online gatekeepers would have six months to comply with the new rules.
  • Price Action: GOOG shares closed higher by 2.03% at $2,826.24 on Thursday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
You can own one of Tom Brady’s watches—if you’re willing to shell out up to $800,000
The seven-time Super Bowl–winning quarterback's Sotheby’s auction begins in December.
Fortune
Fortune
From "Orphan X" to AI
Despite advancements in AI, authentic connection through shared narratives is what truly resonates with readers
Salon
Salon
Google’s AI podcast hosts have existential crisis when they find out they’re not real
Google's NotebookLM recently had to deal with finding out it was an AI. Here's what happened.
TechRadar
TechRadar
Unflappable Chanel in no hurry to find new designer amid continuity in Paris
Label doubles down on house codes as empty birdcage signals its last creative director – Virginie Viard – has flown
The Guardian - UK
The Guardian - UK
The role alcohol plays in new cancer cases – landmark new report
A little bit of alcohol was once thought to be good for you. However, as scientific research advances, we’re gaining a clearer picture of alcohol’s effect on health – especially regarding cancer.
The Conversation
The Conversation
‘There Is No Cat In This Image’: This X Account Collects Pictures Of Very Well-Hidden Cats (101 New Pics)
"What was I thinking, a single woman with no children living in a big house on 6 acres?" she thought at the time. So she filled the property with hundreds of rescued cats. And proclaimed herself a "crazy cat lady". The post ‘There Is No Cat In This Image’: This…
Bored Panda
Bored Panda
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play