As regulators get tough, Big Tech's easy ride is coming to an end

Quick Summary:

But Margarethe Vestager, the EU’s outgoing competition chief for whom these cases are a validating swan song, said they showed even the most powerful tech companies can be held accountable.

Spokespeople for Apple and Google both said the companies were “disappointed” with the court decisions this week.

Of course, the payments are just a cost of doing business — pocket change, really — and the companies can pat their lawyers on the back for dragging the cases out in court for years with endless appeals.

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Article Details

Category: BusinessFinance

Markets: IndiaIreland

Topics: Alphabet Regulators Big Tech Google Apple inc Watchdog Apple Alphabet's Google

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 11:14:16 (10 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 908 words

Reading Time: 6 minutes read

Sentences: 36 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22466410

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