The multibillion-dollar companies could face fines of up to 10 percent of their global revenue.
Meta CEO Mark Zuckerberg testifies before the Senate Judiciary Committee at the Dirksen Senate Office Building on January 31, 2024, in Washington, D.C.
The commission has 12 months to complete the investigations and could fine the multibillion-dollar companies up to 10% of their global revenue if they find them to be in violation of the DMA. The EU is the most important regulatory force in the world and the big tech companies are now subject to the Digital Markets Act, a landmark piece of legislation.from rival music streaming apps such as Spotify. The company is also under scrutiny in the U.S., with the Department of Justice joining 16 states last week inYou don’t bury your head in the sand. You know as well as we do what we’re facing as a country, as a people, and as a global community.
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