Nevertheless, previous reports laid the foundation for more concrete actions and legislation by UK and European regulators. The report also represents another hot push from the UK Competition and Markets Authority. “Apple and Google have developed a vise-like grip on how we use mobile phones, and are worried that it could lose millions of people across the UK. In 2020, a 437-page report by regulators on online advertising highlighted the market power of Google and Facebook. The dominance of the mobile market by owners of major app stores has been the subject of investigations by CMA and other regulatory agencies.

Source: Wall Street Journal December 24, 2021 11:05 UTC