DMA

The European Union imposed a total of $800 million in fines on Apple, Inc. (NASDAQ:AAPL) and Meta Platforms, Inc. (NASDAQ:META) on Wednesday in the first enforcement actions under the bloc's Digital Markets Act.  The Details: Apple was fined approximately $570 million for restricting app developers...

Alphabet, Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) stock is down more than 13% since the end of January and has now entered oversold territory.  What To Know: Alphabet's relative strength index fell to 29.17 on Thursday, its lowest since September 2024. The stock's RSI rebounded slightly on Friday to...

U.S. House Judiciary Chair Jim Jordan (R-OH) on Sunday asked EU antitrust chief Teresa Ribera to clarify enforcement of the European Union’s regulations on Big Tech. Jordan also claimed the rules seem to target U.S. companies and give European companies an advantage.  The Details: A letter...

The EU is reportedly set to investigate Amazon.com, Inc. (NASDAQ:AMZN) in 2025 for favoring its in-house branded products. What Happened: The EU is preparing a case against Amazon under its Digital Markets Act or DMA, reported Reuters, citing people with direct knowledge of the matter. The probe...

Editor's note: This article has been updated to include a statement from Apple.  Apple Inc (NASDAQ: AAPL) has reversed its decision to ban Epic Games, the developer of "Fortnite," from launching its own app store on iOS in Europe, following pressure from European Union (EU)...

Update (05:03 AM ET): Apple Inc. (NASDAQ:AAPL) has responded to Benzinga’s query with a statement addressing its decision regarding Epic Games. Epic Games CEO Tim Sweeney on Wednesday took to X, formerly Twitter, and slammed Apple Inc. (NASDAQ:AAPL) again for blocking the Fortnite-maker "from...

Basecamp CTO and Ruby on Rails creator David Heinemeier Hansson announced that his company is making a "return" to Microsoft Corp.'s (NASDAQ:MSFT) Windows after Apple Inc.'s (NASDAQ:AAPL) "shenanigans" in Europe. What Happened: Hansson blamed the announcement on Apple's recent decision to kill...

In the latest twist of the ongoing feud between Epic Games and Apple over app store fees, Apple Inc (NASDAQ: AAPL) has terminated Epic Games Inc's developer account, preventing the introduction of the Epic Games Store and Fortnite on iOS devices in Europe. In a statement, Epic Games condemned...

European Union's antitrust threat over Apple Inc.'s (NASDAQ:AAPL) iMessage has blown over, with the commission concluding that it does not qualify as a "gatekeeper service" under the Digital Markets Act (DMA). What Happened: The Commission’s decisions mark the end of investigations that...

Meta is challenging the European Union's decision under the Digital Markets Act (DMA). The European Union's implementation of the Digital Markets Act represents a significant move to regulate Big Tech's market power, and protecting smaller competitors and consumers. Despite facing...

The European Union has been assessing whether Microsoft Corporation’s (NASDAQ:MSFT) Bing and Apple Inc.’s (NASDAQ:AAPL) iMessage should be subjected to new tech regulations under the Digital Markets Act. The union has reportedly started seeking input from users and competitors in their...

Major tech giants, predominantly American, have been identified by the European Commission as “gatekeepers” to be regulated under the new Digital Markets Act (DMA). What Happened: The European Commission declared on Tuesday that tech mammoths such as Alphabet Inc. (NASDAQ...

Meta Platforms Inc. (NASDAQ:META), the parent company of Facebook, reportedly intends to disrupt the app distribution landscape by taking on industry giants Apple Inc. (NASDAQ:AAPL) and Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) through a strategic move involving Facebook ads.  What Happened:...

AOL (NYSE: AOL) owned hyper-local news website, Patch, which had 1000 writers working in 900 national locations in December 2012, is now down to 14 designated market areas (DMAs). New Patch CEO Bud Rosenthal outlined the move in a memo Wednesday morning reported on Poynter. Rosenthal said the...