European Union opens investigations into top tech companies

The European Commission has opened non-compliance investigations under the new Digital Markets Act into tech companies Meta Platforms (META), Apple (AAPL), and Alphabet (GOOG, GOOGL). The inquiry focuses on Apple and Google’s anti-competitive steering practices and Meta’s “pay or consent” advertising model.

Yahoo Finance Anchors Brad Smith and Seana Smith break down the details of the investigations and the market implications for the companies.

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Editor’s note: This article was written by Nicholas Jacobino