EU may be reassessing billion-dollar Big Tech fines as it waits for Trump
All the impending EU fines and rulings against Apple, Google, and Meta, are reportedly off the table as Europe awaits Trump — and reveals just how political its regulations are.
For ten years, the European Union and especially competition chief Margrethe Vestager, has been working to control Big Tech. It’s done so mostly very successfully, with the region being the first to implement a Digital Markets Act (DMA) that laid out conditions — and especially potential fines for transgressions.
Now according to the Financial Times, however, all of the regulator’s plans for fines are on hold. Only what is described as technical work will continue on any of the Big Tech investigations, and for the moment there will be no fines.
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Source: AppleInsider News
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