Samuel Stolton

Former EU chief competition economist @TomValletti crunches the numbers on today's €700 million fines against Apple and Meta...

Despite the Digital Markets Act #DMA having powers to levy fines of up to 10% of global annual turnover, today's EU penalties represented less than 0.15% of Apple and Meta's 2024 sales.

Samuel Stolton @SamuelStolton

Apple and Meta were hit by €700 million in EU fines - the first under the bloc's Digital Markets Act - following warnings of harsh retaliation from US President Donald Trump amid an ongoing trade spat. w/@Gmvolpi @business https://t.co/G5QnbX6yN1

Apple and Meta were hit by €700 million in EU fines - the first under the bloc's Digital Markets Act - following warnings of harsh retaliation from US President Donald Trump amid an ongoing trade spat. w/@Gmvolpi @business https://t.co/G5QnbX6yN1

New: Procter & Gamble, the maker of Pampers diapers and Oral-B toothbrushes, was the unidentified target of an informal antitrust probe by European Union watchdogs, according to people familiar with the case. w/@CHughesMorgan https://t.co/CMmb0s4FLo

RT @Techmeme: Sources: Ireland's DPC will fine TikTok €500M+ before the end of April for illegally shipping European users' data to China,…

❗ Scoop: TikTok owner ByteDance is set to be hit by a privacy fine of more than €500 million for illegally shipping European users’ data to China, adding to the growing global backlash over the video-sharing app: https://t.co/IQuUBgeRVv

The EU pressed Meta to create a separate version of Facebook Marketplace or offer users a way to access rival services in order to fix antitrust concerns, when it fined the firm €798 million last year. The decision was today made public in full: https://t.co/Ogo6yHiW3A

UBS, Nomura, and UniCredit failed to overturn European Union antitrust fines totaling hundreds of millions of euros levied over allegations they colluded on government bond trading during the region’s sovereign debt crisis. https://t.co/Gd22cliQSk

Scoop: Coca-Cola's business in Europe was one of the unidentified targets of European Union antitrust raids earlier this month, according to people familiar with the probe: https://t.co/wta2qWASrR

The EU's antitrust chief Teresa Ribera said the bloc won’t shy away from taking on Silicon Valley firms for fear of retaliation from the White House, telling a Bloomberg audience that the bloc won't "remain in a corner.” https://t.co/v0cRbbIBiM

Google was warned to step in line with the EU’s Big Tech rules or risk hefty fines as part of a escalation against Silicon Valley that risks inflaming tensions with US President Donald Trump. Apple was told it must loosen the shackles on its prized iPhone: https://t.co/JmzpYvFJoi

RT @lewis_crofts: “It can be done. Don’t take no for an answer.” One of the BBC’s finest reporters on how disability isn’t an obstacle to…

RT @viaCristiano: The chair of the FTC, an independent regulatory agency, keeps referring to his own commission as the "Trump-Vance FTC." I…

RT @BrodyFord_: scoop: Stargate's first data center in Abilene is set to receive 64,000 Nvidia GB200's as part of an initial build-out. wit…

Google follows with its own censure against the Digital Markets Act, also noting that EU citizens face an increased risk of hacking. (Footnote: the criticisms across the board are largely platitudinous). https://t.co/bbzKqrelR6

Samuel Stolton @SamuelStolton

Meta is out of the track first in this year's Digital Markets Act #DMA compliance reports. But it's not all roses. One graph accuses the commission of going beyond the limits of the law in its investigation into Meta's “pay or consent” ad model. https://t.co/PCQpXLep9T

Meta is out of the track first in this year's Digital Markets Act #DMA compliance reports. But it's not all roses. One graph accuses the commission of going beyond the limits of the law in its investigation into Meta's “pay or consent” ad model. https://t.co/PCQpXLep9T

Samuel Stolton @SamuelStolton

Letters dispatched from Brussels to Washington on the Digital Markets Act #DMA, from both EC and EP, pleading innocence against targeting American Big Tech. Difficult message to sell as things stand. Proof...pudding...eating...

Letters dispatched from Brussels to Washington on the Digital Markets Act #DMA, from both EC and EP, pleading innocence against targeting American Big Tech. Difficult message to sell as things stand. Proof...pudding...eating...