INSUBCONTINENT EXCLUSIVE:
For the tech monoliths, the payoff for lobbying lawmakers and keeping watchdogs tied up in court is looking less certain as regulations
size have long expected an easy ride from authorities, and for good reason
They always got it.Apple Inc
for years abused loopholes to pay virtually zero tax in the European Union while generating record profits there, thanks to special
treatment from Ireland, where it bases its European headquarters
The EU is transitioning to a period where its trust busters can be quicker and, as much as you can use the word to describe regulators,
nimble, harnessing a more efficient legal framework to combat anticompetitive behaviour from the likes of Alphabet, Apple, Meta Platforms
Inc., Amazon.com Inc., Microsoft Corp
and Nvidia Corp.
Until now, regulators had to be clever about how they used old, outdated rules to pursue their court cases
At the heart of the case was figuring out how to prove Ireland was giving Apple selective aid, which was also technically challenging to
calculate, Witt adds.
Until now, regulators had to be clever about how they used old, outdated rules to pursue their court cases
At the heart of the case was figuring out how to prove Ireland was giving Apple selective aid, which was also technically challenging to
antitrust policy as ChatGPT was to generative artificial intelligence
takes to put a child through school.
Now the big tech platforms have clear rules they must follow upfront
For instance, the DMA states that Apple and Google must allow their users to uninstall default apps on their devices like Apple Maps and
Gmail, to promote competition
And instead of narrow investigations like the Google shopping case, the law covers far more ground, applying to everything from app stores
tech firm (Google) is looking possible
The goal is to eventually create some more room for smaller companies to innovate and enter markets dominated by the giants and reduce the
looking less certain as regulations gather momentum
The DMA is one of the most radical approaches yet for keeping monopolistic practices in check, giving Europeans more control than anyone
They do not reflect the views of www.business-standard.com or the Business Standard newspaperFirst Published: Sep 12 2024 | 11:14 AMIST
