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Investing.com -- The European Union (EU) will soon release its decision on whether Apple (NASDAQ:AAPL) and Meta Platforms (NASDAQ:META), formerly known as Facebook, have violated key technology regulations designed to limit their market dominance. This information was shared by antitrust chief Teresa Ribera during a meeting with European Parliament lawmakers this Tuesday.
The European Commission has been scrutinizing both Apple and Meta since March of the previous year. The focus of the investigation is to identify potential breaches of the Digital Markets Act (DMA). This legislation outlines a series of permitted and prohibited actions for tech giants, with the aim of promoting competition and providing consumers with more options.
Ribera had previously indicated to the media that her ruling on Apple and Meta would be released in March. However, she has now stated that the process will take slightly longer.
When questioned about the timeline by lawmakers, Ribera said, "Decisions could be adopted in the coming weeks." This suggests that the EU's verdict on whether Apple and Meta have complied with the DMA will be announced in the near future.
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