Apple Denies EU's 'Gatekeeper' Label In Latest Digital Markets Act Development
Portfolio Pulse from Benzinga Neuro
The European Union (EU) has labeled Apple Inc. (NASDAQ:AAPL) as one of six ‘gatekeepers’ in the digital market under its new Digital Markets Act (DMA). Other named gatekeepers include Alphabet Inc. (NASDAQ:GOOG), Amazon.com Inc. (NASDAQ:AMZN), Meta Platforms Inc. (NASDAQ:FB), Microsoft Corporation (NASDAQ:MSFT), and ByteDance Ltd. Apple has been accused of gatekeeping for its Safari browser, iOS operating system, and the App Store. If Apple fails to comply with DMA obligations, it could face a fine of up to 10% of its global turnover, which could rise to 20% for repeat offenses.
September 06, 2023 | 1:59 pm
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Apple has been labeled as a 'gatekeeper' by the EU under its new Digital Markets Act. Non-compliance could lead to fines up to 10% of its global turnover.
The EU's designation of Apple as a 'gatekeeper' could lead to significant fines and changes in its business model, potentially impacting its stock price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Amazon.com Inc. has been labeled as a 'gatekeeper' by the EU under its new Digital Markets Act.
The EU's designation of Amazon as a 'gatekeeper' could lead to regulatory scrutiny and potential fines, potentially impacting its stock price negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Meta Platforms Inc. has been labeled as a 'gatekeeper' by the EU under its new Digital Markets Act.
The EU's designation of Meta Platforms as a 'gatekeeper' could lead to regulatory scrutiny and potential fines, potentially impacting its stock price negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Alphabet Inc. has been labeled as a 'gatekeeper' by the EU under its new Digital Markets Act.
The EU's designation of Alphabet as a 'gatekeeper' could lead to regulatory scrutiny and potential fines, potentially impacting its stock price negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Microsoft Corporation has been labeled as a 'gatekeeper' by the EU under its new Digital Markets Act.
The EU's designation of Microsoft as a 'gatekeeper' could lead to regulatory scrutiny and potential fines, potentially impacting its stock price negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50