Reported 8 months ago
Senior journalist Ke Yingqing reported on June 19, 2024, that major U.S. Silicon Valley tech giants are facing antitrust investigations. The EU's Digital Markets Act (DMA) came into effect in March, prompting probes into Apple, Meta, and Google. The first targets for penalties are expected to be Apple and Meta for alleged antitrust violations. The EU's aim with the DMA legislation is to prevent tech giants from monopolizing the market and promote fair competition. Meanwhile, antitrust investigations have also been initiated in North America, with Nvidia, Microsoft, and OpenAI in the AI industry also under scrutiny. The global tech market is facing increased scrutiny for antitrust practices, affecting Silicon Valley giants. For more insights on global tech market trends and ETFs with exposure to top three companies, check out the full article.
Source: YAHOO