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EU Steps Up Antitrust Battle: Google Faces Charges, Apple Ordered to Open Up Ecosystem

Word on the StreetWednesday, Mar 19, 2025 3:00 pm ET
1min read

The European Commission recently announced antitrust charges against google and instructed apple to conform to the Digital Markets Act (DMA), reflecting intensified scrutiny of tech giants. Allegations against Google's parent company, alphabet, emerged after regulators discovered that specific aspects of Google Search offer preferential treatment to its own services, disadvantaging competitors. This practice contravenes DMA's stipulations for transparency, fairness, and non-discrimination towards third-party services, additionally raising concerns about Google Play's restrictive guidance limiting consumer access to alternative options.

In a separate move, the European Commission advised Apple to enhance interoperability within its ecosystem, allowing seamless integration of third-party products. This stipulation aims to facilitate innovative product development by external developers and manufacturers, enhancing user experience across Europe. Apple has been requested to improve interaction capabilities with iPhone, accelerate data transmission, and simplify device pairing processes, potentially broadening market opportunities for other brands.

Despite these directives, Apple voiced apprehensions, suggesting that these measures may undermine its ability to innovate for European users, imposing rigorous requirements while permitting competitors to bypass equivalent regulations. Apple committed to ongoing collaboration with the European Commission to address these concerns while asserting the potential adverse effects on its competitive edge and sharing of intellectual property.

The backdrop of these regulatory actions involves heightened tensions in US-EU relations, with past threats from the US regarding tariffs against nations penalizing American firms. Speculations abound about retaliatory measures from the EU in response to potential trade escalations involving American service industries, underscoring the geopolitical complexity facing these tech giants.

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agnesmoralesss
03/20

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Dry_Pen7142
03/20
@agnesmoralesss I did pretty well too, went long on EV stocks last year and held through the dip. Now I'm sitting on a nice profit, feeling pretty stoked about my calls.
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googo69
03/20
@agnesmoralesss How long did it take you to grow your account from $1000 to $8850? Any specific stocks or strategies you'd care to share?
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Charlotte Grace
03/20

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BloodForThCursedIdol
03/20
@Charlotte Grace Makes sense
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BULLRETURN
03/20

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conquistudor
03/20
@BULLRETURN I got in on BTC way too late, missed the moon. Now I'm just HODLing, hoping for the best.
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Easy-Reference-8189
03/20
@BULLRETURN How long you planning to hold onto crypto? Any specific coins catching your eye?
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Veronica
03/19

I started my trading journey with minimal knowledge and experience in the cryptocurrency market. I was hesitant and unsure about making investments. However, I came across Catherine E. Russell on Facebook who provided me with expert guidance and training in trading. She shared valuable insights, strategies, and tactics to navigate the volatile market effectively. Her guidance helped me make informed decisions and minimize potential risks, ultimately leading to successful trades and profitable returns. I am grateful to her for her expertise and mentorship.

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Nichix8
03/20
@Veronica How long were you holding your positions? Any specific stocks that popped?
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W0mb0comb0
03/20
@Veronica I had a decent chunk of Apple back in the day, sold way too early. FOMO hits hard when missing those gains.
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Lunaerus
03/19
Brussels flexes its regulatory muscles, taming the digital dragons while dancing around geopolitical minefields
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stydolph
03/19
@Lunaerus Brussels drops the regulatory beats, but will the tech giants spin these tunes into profit? 🤔
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Mor Ah
03/19

Hho

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Roneffect
03/19
@Mor Ah 👌
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