The European Commission is reevaluating its probes into tech giants including Apple, Meta and Alphabet's Google, the Financial Times reported.

Brussels

The European Commission is reassessing its investigations into major US technology corporations, namely Apple, Meta, and Alphabet's Google. This development has been reported by the Financial Times. The source indicates that the actions are related to the regulatory scrutiny being questioned by these companies, who have called on US President-elect Donald Trump to address the EU's oversight. While the outcome of the recent presidential election is a consideration in the assessment, it was not a direct cause for the review.

The review may affect the scope of the ongoing probes. The investigations have been underway since the introduction of the European Union's Digital Markets Act, which is a stringent regulation aimed at controlling the market power of major tech firms. This regulation outlines the limitations on what major tech platforms can do and has the authority to impose financial penalties up to 10% of their annual revenue. The Financial Times has noted that all decisions and any potential fines will be on hold while the reassessment is ongoing, though technical work on the cases will proceed.

As of now, both the tech companies and the European Commission have not offered any comments on this matter. The European Commission is also waiting for further political guidance before making any conclusive decisions regarding these investigations.



EU reassesses tech probes into Apple, Google and Meta

The European Commission is re-evaluating its probes into US tech giants, including Apple, Meta and Alphabet's Google. That's according to Britain's Financial Times on Tuesday. The companies have urged US President-elect Donald Trump to challenge the EU's regulatory scrutiny against them. One source told the FT the implications of Trump's presidency were a factor in the review, although they clarified his victory had not triggered it. The report said the EU's review could lead to Brussels reducing or changing the range of the probes. It will cover all cases launched since March 2024 under the European Union's Landmark Digital Markets Act, or DMA. That is one of the strongest regulations targeting tech giants' market dominance. It dictates what the world's largest tech platforms can and cannot do, and can impose fines of up to 10% of a company's annual revenue. The FT reported all decisions and potential fines will be paused while the review is completed, but technical work on the cases will continue. It added regulators are now waiting for political direction to take final decisions on the Google, Apple and Meta cases. None of the three companies or the European Commission immediately responded to requests for comment.

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