In the upcoming announcement, the European Union will assess compliance of American tech giants Apple and Meta with the Digital Markets Act regulations. Teresa Ribera, the EU competition chief, emphasized the bloc's commitment to upholding foundational principles such as democracy and human rights, despite challenges arising from the current U.S. administration. The Digital Markets Act, part of the EU's regulatory framework, is specifically designed to limit the dominance of major tech companies, prompting changes in business practices for firms like Apple and Meta, particularly concerning competition in app stores and classified ads.
Ribera stated that the EU needs to stick to its "strengths and principles" and "cannot transact on human rights, unity of Europe, and democracy and values".
Apple was already pushed to allow third-party app stores for iOS, while Meta was targeted to push Marketplace on Facebook instead of allowing fair competition with other classified ads providers.
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