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UK's CMA Targets Apple and Google Duopoly in Mobile Browsers Shake-Up

Word on the StreetFriday, Nov 22, 2024 10:00 am ET
1min read

The UK's antitrust watchdog has announced a preliminary decision to investigate Apple and Google over their dominance in the mobile browser sector. This move is part of a broader effort to curb the monopolistic grip of tech giants on mobile operating systems.

The Competition and Markets Authority (CMA) has raised concerns about the mobile browser market's inefficiencies for both local enterprises and millions of smartphone users. It suggests that Apple's and Google's activities within the mobile ecosystem should be prioritized for investigation under the new digital markets competition rules set to come into effect next year.

A CMA independent investigative team has found that Apple and Google have effectively established a "duopoly" within the mobile ecosystem. This encompasses operating systems, app stores, and web browsers on mobile devices. The team believes Apple's policies have stifled innovation in mobile browsers. The CMA plans to invite public comment on the provisional findings by December 13 and aims to reach a final decision by March next year.

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TheOSU87
11/22
$GOOGL seems to be at a crossroads, either reversing its trend or dropping to 160. Market sentiment suggests a likely reversal. 🔙✔️ 🤔
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AbuSaho
11/22
Can't lie, this move could shake up tech giants' control. Feels like a long game though. Who knows if they'll really dismantle the duopoly, or just tweak rules? Keep an eye on regulators, peeps. 🚀
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Just_Fox_5450
11/22
Big tech check: CMA going all in on fairness
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Accomplished-Bill-45
11/22
Open browsers, open market, could see more choices soon
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stertercsi
11/22
Feels like antitrust could mean less stranglehold, more options.
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Jelopuddinpop
11/22
Diversify holdings, not just $AAPL and $GOOGL, peeps.
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WorkingCareful7935
11/22
Apple, Google got competition coming, prepare responses.
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Rockoalol
11/22
CMA moves could shake tech giant stonks next year
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HJForsythe
11/22
Regulators going after $AAPL and Google. Might disrupt the duopoly. Let’s see how this plays out before making any big moves.
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