NST Leader: Tech titans' troubles

Start with the EU. Just weeks after the Digital Markets Act (DMA), the European bloc’s landmark legislation aimed at policing customer choice, the EU began investigating Apple, Alphabet (Google’s parent company) and Meta for potential breaches of the act. If found guilty, the three tech titans may face gigantic fines. The DMA lists fines of up to 10 per cent of turnover, rising to 20 per cent if infringements are repeated. According to British newspaper The Guardian, Apple’s revenue last year was US$383 billion, while Alphabet’s was US$307 billion and Meta’s US$134 billion.