Microsoft Risks EU Fine After Antitrust Warning Over Teams [Yahoo! Finance Canada]
Salesforce, Inc. (CRM)
Last salesforce, inc. earnings: 2/25 04:06 pm
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Source: Yahoo! Finance Canada
Most Read from Bloomberg The European Commission said it fired off a so-called statement of objections alleging that Microsoft's practice of tying Teams to its Office 365 and Microsoft 365 packages fell foul of the bloc's competition rules. ADVERTISEMENT The EU regulator said that since at least 2019, Microsoft's behavior protected its dominance on the market and gave Teams an advantage over rivals. This unfair advantage was also boosted by limited interoperability between Teams and competing software, watchdogs added. “Preserving competition for remote communication and collaboration tools is essential as it also fosters innovation on these markets,” the EU's competition commissioner Margrethe Vestager said on Tuesday. Penalties for antitrust violations can be as high as 10% of a company's global revenue, although they seldom reach that level. So far Microsoft's attempts to sidestep deeper scrutiny of its behavior have failed to sway regulators. But the company promised
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CRM
Earnings
- 8/28/24 - Beat
CRM
Sec Filings
- 9/27/24 - Form 4
- 9/26/24 - Form 144
- 9/25/24 - Form 4
- CRM's page on the SEC website