EU Antitrust Chief Margrethe Vestager will meet with chief executives of Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Broadcom (AVGO), and OpenAI in Palo Alto and San Francisco next week to discuss digital regulation and antitrust policies.
Axios Global Tech Correspondent Ryan Heath joins Yahoo Finance to give insight into what to expect from the meetings and potential outcomes from the meetings for these companies.
"They [Big Tech] have come to realize the EU isn't going away. They don't particularly like the way the EU approaches regulation, but they know that it's a very lucrative market, and it makes more sense to play ball with them at some level," Heath explains. "There's this constant tension between how do they give a little bit to the EU, look cooperative, but at the same time, don't do anything to cannibalize their business."
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Axios Global Tech Correspondent Ryan Heath joins Yahoo Finance to give insight into what to expect from the meetings and potential outcomes from the meetings for these companies.
"They [Big Tech] have come to realize the EU isn't going away. They don't particularly like the way the EU approaches regulation, but they know that it's a very lucrative market, and it makes more sense to play ball with them at some level," Heath explains. "There's this constant tension between how do they give a little bit to the EU, look cooperative, but at the same time, don't do anything to cannibalize their business."
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
- Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance