What’s going on here?
The European Union is gearing up to implement the Digital Markets Act, targeting tech behemoths Apple and Meta to ensure a fair digital landscape.
What does this mean?
The EU’s Digital Markets Act is designed to rein in the monopolistic behavior that titans like Apple and Meta are often accused of displaying. This legislation seeks to level the playing field for digital platforms by setting guidelines to protect consumer privacy and encourage fair trade practices. Apple might have to rethink its App Store policies due to accusations of monopolistic practices, while Meta could be forced to alter its data-tracking strategies, offering users more choices as potential penalties loom. However, while aiming to curb antitrust actions, the EU is wary of imposing heavy fines to avoid triggering severe trade reprisals from the US.
Why should I care?
For markets: Tech giants brace for change.
The EU’s regulations could significantly alter Apple and Meta’s operations in Europe, impacting global tech competition. This shift might affect stock valuations and investment strategies, as analysts and investors assess the long-term growth and innovation potential within these companies.
The bigger picture: Global digital standards in focus.
With a cautious regulatory approach, the EU aims to balance enforcing fair digital practices while preserving strong economic ties with the US. This strategy could influence international digital regulations, shaping global standards without sparking an economic conflict.
SPONSORED BY BITCOIN DEPOT
This bitcoin ATM could potentially spit out some serious cash one day
Regular ATMs are everywhere you go, but bitcoin ATMs are harder to come by – for now.
Bitcoin Depot is changing that. It’s already rolled out 8,400 bitcoin ATMs, leading the way in a global market that’s got plenty of room for expansion.
Nearly 90% of those crypto ATMs are in the US – and though there’s lots of untapped growth in the country, this firm is going global too. And a market of that size makes this a serious growth play.
Unlike crypto exchanges, Bitcoin Depot’s revenue doesn’t depend on bitcoin being in an upswing. Instead, it makes money on transactions. And there are lots of those: over $3 billion so far.
What’s more: the company is partnering with big convenience store retailers, setting the stage for scalable growth. That’s a sweet follow-up to the $573 million in revenue it made last year.
Crypto ATMs only make up 1% of the worldwide count so far, so investors could use this pick-and-shovel play to invest in a crypto opportunity that hasn’t hit the ceiling yet.
Finimize and its principals have no ownership in Bitcoin Depot. Investing is inherently risky and capital is at risk. Past performance is not indicative of future results.
