App stores’ vice-like grip over third-party software could be severely loosened when this landmark law takes effect next year. It would also allow for fines up to more than $50 billion for a repeat offender.
App stores’ vice-like grip over third-party software could be severely loosened and Big Tech’s data access could be curtailed after the European Union reached agreement on a landmark law Friday.
This could mean heftier fines than Big Tech has faced in recent years. Google, for example, was hit with a record fine topping $5 billion in 2018, one of three fines of more than $1 billion European regulators have tossed at the company for its practices in the search and mobile markets. But with 2021 sales topping $250 billion, the new law would allow for fines up to more than $50 billion for the repeat offender. Apple, with $365.
Google on Wednesday reached a deal with Spotify Technology SA SPOT, -2.16% to offer an alternative payment method within its app for users. Users can choose Spotify’s alternative payment method or stay with Google Play, which takes as much as a 30% cut of revenue. The Digital Markets Act would force Apple to allow alternatives to its App Store for downloading apps and allow payment methods for the App Store other than Apple’s own. Apple did not respond to an email message seeking comment on Google’s move.
Jeff Joseph, president of Software & Information Industry Association, a nonprofit whose 450 members include Google and Meta, on Friday warned DMA will “put large U.S. tech companies at a disadvantage compared to their foreign competitors.”
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