EU Regulators Take Aim at Big Tech 6/25/24
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 25 June 2024
⏱️ 7 minutes
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| 0:00.0 | European regulators taking aim at Microsoft saying the tech giant violated antitrust rules by bundling its team's product to other business software. |
| 0:09.0 | Our dear d'Rosa is taking a closer look at that for today's tech check is once again |
| 0:13.2 | DRI's turn to EU regulation. |
| 0:16.8 | Once again, but you know that strategy is changing |
| 0:19.6 | towards big tech. |
| 0:20.8 | It's less break them up, more break them open. |
| 0:23.6 | It's also becoming a lot more proactive than reactive |
| 0:26.5 | and punishments. |
| 0:27.4 | They're moving from mere speeding tickets |
| 0:29.8 | to very material fines, up to 10% of annual revenue. |
| 0:34.0 | Yesterday EU regulators they outlined their case against Apple. |
| 0:36.6 | Today it's Microsoft. |
| 0:37.8 | They accused Microsoft of violating antitrust laws by bundling teams |
| 0:41.9 | with its other well-established software tools in Office 365 |
| 0:44.9 | or Microsoft 365, they say making it extremely difficult for smaller companies |
| 0:49.4 | like Zoom and Slack to compete and in turn that hurts customers. |
| 0:53.0 | Now typically European antitrust regulation has had little to no impact on the mega cap |
| 0:57.7 | stock prices in business models but here's why this time could be different |
| 1:02.3 | and why investors should take note. |
| 1:04.0 | First take the potential fines. |
| 1:06.0 | If, and that's still a big if, charges are brought against them, |
| 1:10.0 | the fines could be enormous. |
... |
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