After the European Commission forced Apple to open up iOS for third-party app stores in the EU, it seems like other countries are investigating Apple over antitrust and monopolistic practices. Most recently, news broke that Japan is looking to significantly increase fines for big corporations that engage in monopolistic practices. The current law in Japan suggests a penalty of 6% of sales, but policy makers are looking to increase that to 20%. A subsequent future failure to comply with the law...
According to a new report by Nikkei Asia, Japanese authorities are poised to toughen their antitrust regulations, posing a significant challenge to incumbents in the mobile market. The publication revealed that penalties aimed at curbing monopolistic practices will see a substantial increase, with fines more than tripled compared to currentRead Entire Article
A new report suggests that every tech giant has failed to provide crucial ad transparency tools to its user base, leaving the door open for disinformation and manipulation. On Tuesday, Mozilla and CheckFirst, a Finland-based research company, released a report detailing how tech companies like Apple, Google, TikTok, and X handle ad transparency. Ultimately, the report found that all platforms could be doing more to disclose why a user is seeing an advertisement and who is behind the ad....
Antitrust chief Margrethe Vestager still wants to favor the dominant music streaming service in the EU, and says that Apple must allow Spotify's latest iOS antisteering update immediately. The European Union suspects Big Tech firms are avoiding their responsibilities to the publc Central to Spotify's iOS app is the addition of a link to its website, and details showing EU users the different pricing there. Previously not allowed by Apple, this is now permitted under EU regulations, but...
Meta Platforms and other large online platforms should offer users the option to use their services for free without targeted advertising, the EU privacy watchdog said on Wednesday, responding to the company's paid ad-free service that has triggered criticism. The U.S. tech giant launched the no-ads subscription service for Facebook and Instagram in Europe last November, saying users who consent to be tracked get a free service which is funded by advertising revenues. Privacy activists and...
KeyCorp dropped their price objective on Meta Platforms from $575.00 to $555.00 and set an "overweight" rating on the stock in a report on Monday.
Meta Platforms (NASDAQ:META – Get Free Report) had its target price reduced by Raymond James from $550.00 to $525.00 in a research report issued on Thursday, Benzinga reports. The brokerage presently has a “strong-buy” rating on the social networking company’s stock. Raymond James’ price target would suggest a potential upside of 20.49% from the company’s […]
Yesterday we learned that Spotify decided to pass on Apple’s new EU terms that would allow it to use alternative payment methods due to the Core Technology Fee. Instead, it submitted an app update with pricing info and details on how to subscribe outside of the App Store without giving users a link. Now Spotify says Apple has unjustly blocked the update and again “defied the European Commission”. more
The EU commission is set to approve Apple’s previously-announced policy changes regarding access to the NFC chip on the iPhone, with the view of increasing competition in the contactless payments market. The commission’s decision will be officially announced in the coming weeks, via Reuters. With these changes, apps will be allowed to become the default wallet app that appears when users double-click the side button or hold their phone near a payment terminal. However, the relaxation of...
The European Commission gave TikTok 24 hours to turn around a risk assessment on TikTok Lite.
Spotify submitted a new version of its iOS app in the European Union with in-app pricing information, but Apple has rejected it. The reason? Apple wants Spotify to accept its updated rules on the Music Streaming Services Entitlement, according to which Spotify would still need to pay Apple a 30% entitlement commission for in-app purchases. Spotify says it won't be adopting Apple's revised changes. Spotify spokesperson Jeanne Moran told TheVerge - “Apple has once again defied the European...
By Julia Payne and Kate Abnett BRUSSELS, April 24 (Reuters) – The European Commission is expected to propose sanctions on ships delivering North Korean military equipment to Russia as well as tankers