Today is the culmination of battles between the EU and major tech companies, such as Google, Apple, Meta, Microsoft, TikTok parent ByteDance, and Amazon. Regulations in Europe are now in place to promote competition and prevent the giants from controlling and potentially crushing other companies.

Already changes are in the works, as a series of CNN stories report. Apple announced that third-party app stores would start to appear on its devices and that fees for developers in the EU would drop from the 30% seen in the U.S. to 17%. Google said it would alter its search algorithms to push more traffic to certain third-party services. Meta is supposed to open its Messenger and WhatsApp products to third-party chat software.

GlobeSt.com reached out to all the companies. At publication time, only Meta replied, that with a link to a report on its consumer profiling and advertising delivery techniques.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.