Apple, Google, Meta targeted in EU's first Digital Markets Act probes

EU antitrust chief Margrethe Vestager and European Commissioner for Internal Market Thierry Breton hold a press conference in Brussels, Belgium March 25, 2024. REUTERS/Yves Herman

BRUSSELS (Reuters) -Apple, Alphabet's Google and Meta Platforms will be investigated for potential breaches of the EU's new Digital Markets Act, European antitrust regulators said on Monday, potentially leading to hefty fines for the companies.

The European Union law, effective from March 7, aims to challenge the power of the tech giants by making it easier for people to move between competing online services like social media platforms, internet browsers and app stores. That should in turn open up space for smaller companies to compete.