Big Tech’s New Regulatory Battles 3/25/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 25 March 2024
⏱️ 11 minutes
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| 0:00.0 | Apple Alphabet and Meta now facing their first formal investigations |
| 0:05.0 | under the European Union's sweeping tech regulation. |
| 0:08.0 | Dirder Bosa takes a closer look at what that might mean for big tech and Google in |
| 0:11.7 | particular in today's tech check. |
| 0:13.4 | Hey, D. Hey good morning Carl. So past crackdowns on big tech in Europe that's mostly |
| 0:17.9 | amounted to speeding tickets or minor slaps on the wrist. We know this. But the |
| 0:21.7 | Digital Markets Act, the DMA, itMA is different that is why we may be seeing more stock reaction this time you can see alphabet and |
| 0:29.2 | Google and meta alphabet which is Google Apple Meta all down today. |
| 0:32.6 | Now the DMA is essentially European regulators going on the offense, identifying the so-called |
| 0:36.9 | gatekeepers, laying out rules to try and prevent their future abuse of market power. |
| 0:42.0 | The penalties also have more muster and it puts |
| 0:44.3 | break-ups on the table which would be incredibly difficult but we wanted to take a |
| 0:48.8 | look at where it might be less hard for some mega caps than others. |
| 0:52.6 | Apple, for example, more closed ecosystem or Wald Garden than, say, Google, but also far more |
| 0:58.5 | highly integrated. |
| 0:59.5 | So how would it actually divest its app store? |
| 1:02.2 | It's more complicated complicated it's also been |
| 1:03.9 | less aggressive on the M&A front Google on the other hand arguably less |
| 1:07.3 | integrated a breakup order could target separate businesses like cloud or |
| 1:11.7 | past acquisitions. |
| 1:13.4 | Its purchase of Double Click back in 2007 |
| 1:16.2 | that complimented its core strengths and search ads |
... |
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