Apple was the primary focus of an EU press conference on Monday morning. But authorities also opened formal investigations into Meta and Alphabet, Google's parent company. The trio are the first to be subject to formal probes under the EU's new Digital Markets Act, the bloc's landmark competition law, which took effect on March 7. Under the new rules, six of the world's largest tech companies, known in the EU as 'gatekeepers,' were asked to provide evidence that they were not harming competition. 'We are not convinced that the solutions by Alphabet, Apple, and Meta respect their obligations for a fairer and more open digital space for European citizens and businesses,' said Thierry Breton, EU industry chief, in a statement on Monday. 'Should our investigation conclude that there is lack of full compliance with the DMA, gatekeepers could face heavy fines.' Under the Digital Markets Act, officials can levy fines of up to 10 percent of tech giants' global revenue or 20 percent for...
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