Reported 12 months ago
Nvidia's market value surged but attracted potential investigation by French antitrust authorities for possible violation resulting in fines up to 10% of annual revenue. Additionally, the EU has initiated investigations under the 'Digital Markets Act' targeting Meta, Apple, and Microsoft. Meta is accused of forcing Facebook users to view ads illegally. If found guilty, Nvidia could face significant fines, with France potentially being the first country to take action against them globally. The EU is also scrutinizing Apple for impeding app developers and Microsoft for leveraging market dominance in selling Teams bundled with Microsoft365. Other tech giants like Meta, Apple, and Microsoft are also under EU scrutiny for various antitrust activities.
Source: YAHOO