In a bold move to dismantle Google’s search monopoly, the US Department of Justice unveils a bombshell proposal: force the tech giant to sell its cornerstone browser, Chrome. The government alleges Chrome’s dominance stifles competition, giving Google an unfair advantage in search advertising. This unprecedented move aims to level the playing field in the digital realm, fostering innovation and consumer choice. The fate of Chrome, a ubiquitous tool used by billions worldwide, now hangs in the balance as the battle for search supremacy enters uncharted waters.
Tag: antitrust
APPLE to Face First EU Fine Under Digital Markets Act…
APPLE could become the first company to face hefty fines under the EU’s new Digital Markets Act (DMA). The European Commission is probing whether the tech giant broke competition rules by restricting rivals’ access to data on iPhones.
Launched in November 2022, the DMA aims to rein in “gatekeepers” with a market capitalization of €75 billion or more, who have a core platform service such as a messaging or social media service that reaches at least 45 million monthly active end users in the EU.
The Commission can investigate breaches of the DMA itself and fine companies up to 10% of their global annual turnover for violations, and it can also go back five years in its analysis. APPLE generated $365.82 billion in global revenue in its fiscal 2022, meaning that it could face fines of up to $36.6 billion if the entire amount was levied against it.