Connect with us

Hi, what are you looking for?

Stock

EU assesses Big Tech cases ahead of Trump arrival

By Philip Blenkinsop and Supantha Mukherjee

BRUSSELS/STOCKHOLM (Reuters) -The European Commision said on Tuesday it was assessing its cases against Apple (NASDAQ:AAPL), Alphabet (NASDAQ:GOOGL), X and Meta (NASDAQ:META), stressing and that President-elect Donald Trump’s return to the White House did not affect its commitment to enforcing its laws.

The European Union has been at the forefront of investigating U.S. Big Tech companies for potentially breaching laws designed to prevent them from using their clout to gain an unfair advantage over competitors.

Trump, who will start his second term as the United States’ 47th president on Monday, has been critical of various European policies and his ally Elon Musk has repeatedly clashed with regulators and politicians in the continent.

The Financial Times reported on Tuesday that Brussels was reassessing its investigations of Big Tech in a review which could lead it to scale back or change the scope of its probes as U.S. groups urge Trump to intervene.

Henna Virkkunen, the commissioner in charge of EU policy, told Reuters by email that the EU’s investigations were continuing as normal and no decision has been taken to suspend them.

A Commission spokesperson told reporters it was assessing rather than reviewing its cases, which was not linked to Trump’s arrival, and reiterated its commitment to regulating Big Tech.

“What we do have is upcoming meetings to assess maturity of cases, to assess the allocation of resources and the general readiness of the investigation,” the spokesperson said at the EU’s executive’s daily briefing.

U.S. tech giants have complained that regulation was stifling innovation and balked at large antitrust fines imposed by Brussels.

Meta Chief Mark Zuckerberg last week called on Trump to stop the EU from fining U.S. tech firms and Trump ally Elon Musk has repeatedly clashed with EU regulators.

Speaking to popular podcaster Joe Rogan, Zuckerberg said that the European Commission’s application of competition rules is “almost like a tariff” on U.S. tech companies.

The EU’s newest laws – the Digital Markets Act (DMA), which imposes antitrust obligations, the Digital Services Act (DSA), which covers online content moderation, and the EU AI Act – have attracted the most criticism from U.S. tech leaders.

Musk, for example, was under scrutiny earlier this month as he hosted Alice Weidel, leader of the far-right Alternative for Germany (AfD) party, for a discussion on his X platform.

There has been a change of guard in Brussels too with Henna Virkkunen taking the EU industry chief role from Thierry Breton.

Breton had been at loggerheads with Musk and others over enforcing EU laws.

“We have been very clear that no matter which administration is in place in third countries, this will not affect our enforcement work,” the spokesperson said.

However, a person familiar with European Commission processes said that enforcement of the laws was put on hold until the government figures out the Trump agenda.

Investigations by the Commission often take years. Last November, it fined Meta nearly 800 million euros ($821.36 million) over abusive practices after opening the investigation in 2021.

An investigation against X, started in 2023, is still open.

The ongoing cases against Apple, Alphabet, Meta and X have not yet reached a point at which decisions could be taken, according to the spokesperson.

Breton said on Tuesday that the Commission should push back on attempts to weaken its rules.

“We can clearly see that there is a desire to attack the regulations,” he told Reuters. “Regulation is in no way censorship, contrary to what its opponents constantly claim.”

($1 = 0.9740 euros)

This post appeared first on investing.com

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like

    Editor's Pick

    Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

    Economy

    LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

    Editor's Pick

    Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

    Latest News

    Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

    Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 beneficialinvestmentnow.com