Apple’s 1.8 billion euro fine heralds a new antitrust dawn
The European Union’s trust-busters are entering a new era of quick, blunt enforcement
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ANOTHER day, another multibillion-dollar regulatory fine from Europe that will barely dent the balance sheet of a technology giant.
Only this time the European Commission’s 1.8 billion euro (S$2.6 billion) penalty against Apple marks the end of an old, clunky era, and the start of a new one where trust-busters can be quicker and more efficient in policing Silicon Valley’s biggest companies.
Their secret weapon: a new law called the Digital Markets Act (DMA). It finally comes into force on Wednesday (Mar 6), when six companies designated as “gatekeepers” will have to comply with its 22 rules.
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