Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service.
Category: Vestager, Margrethe
-
Apple’s Antitrust Headaches Intensify in Europe
The iPhone maker is the first U.S. tech giant charged with breaching the European Union’s Digital Markets Act, potentially exposing it to huge fines.
-
Apple Fined $2 Billion by E.U. for Using App Store to Thwart Competition
Apple is expected to appeal the penalty, the latest in a series of regulatory setbacks for the tech giant.
-
Investors Expect a Fed Pause, Not an End to Rate Increases
A breather in the central bank’s anti-inflation policy is expected, but with still-rising inflation has investors bracing for another raise later this year.
-
Amazon Agrees to Change Some Business Practices in EU Settlement
The New York Times – Business:The e-commerce giant avoided a fine, but will make a variety of changes regulators believe will help independent merchants who had raised alarms about Amazon’s tactics.