Official EU announcements or financial disclosures from the companies

EU Reassesses Tech Probes Under Digital Markets Act Amid Trump's Influence

Jan 14, 2025, 05:46 AM

The European Union is reassessing its investigations into tech giants Apple, Google, and Meta under the Digital Markets Act, as reported by the Financial Times. The review, which may lead to scaling back or changing the scope of these probes initiated since March 2024, comes at a time when these companies are urging U.S. President-elect Donald Trump to intervene against what they perceive as overzealous EU enforcement. The investigations will be paused for decisions and potential fines until the review is completed, though technical work will continue. The reassessment is influenced by the upcoming Trump administration, with tech industry leaders like Mark Zuckerberg of Meta calling for a halt to EU fines on U.S. tech firms. EU officials are awaiting political direction to finalize decisions on these cases, amidst pressure from both U.S. tech companies and EU lawmakers to maintain regulatory rigor.