U.S. markets closed
  • S&P 500

    4,395.26
    -23.89 (-0.54%)
     
  • Dow 30

    34,935.47
    -149.06 (-0.42%)
     
  • Nasdaq

    14,672.68
    -105.59 (-0.71%)
     
  • Russell 2000

    2,226.25
    -13.78 (-0.62%)
     
  • Crude Oil

    73.81
    +0.19 (+0.26%)
     
  • Gold

    1,816.90
    -18.90 (-1.03%)
     
  • Silver

    25.55
    -0.23 (-0.90%)
     
  • EUR/USD

    1.1872
    -0.0024 (-0.20%)
     
  • 10-Yr Bond

    1.2390
    -0.0300 (-2.36%)
     
  • GBP/USD

    1.3908
    -0.0050 (-0.35%)
     
  • USD/JPY

    109.6500
    +0.1890 (+0.17%)
     
  • BTC-USD

    41,527.21
    +2,593.82 (+6.66%)
     
  • CMC Crypto 200

    955.03
    +5.13 (+0.54%)
     
  • FTSE 100

    7,032.30
    -46.12 (-0.65%)
     
  • Nikkei 225

    27,283.59
    -498.83 (-1.80%)
     

UK Competition Watchdog Launches 12-Month Study On Google, Apple Mobile Ecosystems Over Antitrust Concerns: Report

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • The U.K. antitrust regulator Competition and Markets Authority (CMA) launched a probe into Alphabet Inc’s (NASDAQ: GOOG) (NASDAQ: GOOGL) Google and Apple Inc’s (NASDAQ: AAPL) mobile ecosystems, Reuters reports.

  • The CMA will conduct a 12-month market study into the iOS and Android systems following user and business exploitation concerns by their market power, adding to the regulator’s separate investigations into both the companies, Bloomberg reported.

  • The CMA opts for a market study to gather information before upgrading its investigation.

  • The CMA is preparing to set up a tech-focused unit. It has warned the largest companies against extra scrutiny of everything from mergers to monopoly behavior.

  • Price action: AAPL shares traded lower by 0.31% at $130.08 in the premarket session on the last check Tuesday.

See more from Benzinga

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.