HomeInvestingEarningsTech Giants Labeled As Gatekeepers In E.U. & China Bans Gov Officials From Using iPhone

Tech Giants Labeled As Gatekeepers In E.U. & China Bans Gov Officials From Using iPhone

E.U. Commission labels six tech giants, including Amazon (AMZN), Alphabet (GOOGL), Apple (AAPL), Microsoft (MSFT), Meta Platforms (META), and ByteDance, as “gatekeepers” under new “Digital Markets Act.” The E.U. Commission definition of “gatekeepers” is massive internet platforms that restrict access to online search, advertising, and messaging. Gatekeepers will have six months to bring core platform services in compliance with new E.U. regulations. Renita Young discusses this, along with how China orders central government officials to not use Apple iPhone. The Chinese government also banned the use of other foreign-branded devices by officials. Tune in to find out more about the stock market today.

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06 Sep 2023

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