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Stock impact report

Apple Hit by Fresh EU Warning Over Alleged App Store Abuses [BNN Bloomberg (Canada)]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: BNN Bloomberg
The European Commission said Monday that Apple must allow app developers to steer users to cheaper deals and offers outside of the App Store, in order to comply with the bloc's Digital Markets Act, which lays out a raft of dos and dont's for some of the world's largest technology platforms. The Brussels-based regulator also said that it had opened a fresh investigation into Apple's new App Store fees for developers in the EU, to examine whether they are in line with the DMA. Failure to comply the law could come with fines for the company — as much as 10% of global annual revenue. Monday's announcement — which is a preliminary step — follows a similar move the EU made against Apple in March under its standard competition rules, which came with the first wave of fines. The Brussels-based regulator is due to come to a final decision in the DMA case by the end of March 2025. That move could unleash another legal battle between Apple and the EU through the bloc's courts. “We are c Show less Read more
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