$Apple(AAPL)$ 🆘️ Court ruling means "shake up" of AAPL monopoly amid broader tech sell-off... ⚠️
#Repost #Breakingnews #AAPL
Apple lost an appeal at Europe's general court challenging a EU decision to classify its iOS operating system and App Store as services that need to be brought to heel under the bloc's landmark tech antitrust rulebook.
"The General Court dismisses all the actions brought by Apple," the court said on Wednesday.
The decision is a blow to Apple as the tech giant battles the Digital Markets Act, an EU law that came into force in November 2022. The DMA classifies a handful of the world's most powerful tech companies as "gatekeepers", arguing that they control the routes to market online such as search engines, app stores and web browsers. It then gives them a list of rules to follow in Europe designed to level the playing field in the digital economy.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
