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New EU Regulations Slam Big Tech, So What Might That Mean for CRE?

This could mean a new source of software and services for the industry.

Today is the culmination of battles between the EU and major tech companies, such as Google, Apple, Meta, Microsoft, TikTok parent ByteDance, and Amazon. Regulations in Europe are now in place to promote competition and prevent the giants from controlling and potentially crushing other companies.

Already changes are in the works, as a series of CNN stories report. Apple announced that third-party app stores would start to appear on its devices and that fees for developers in the EU would drop from the 30% seen in the U.S. to 17%. Google said it would alter its search algorithms to push more traffic to certain third-party services. Meta is supposed to open its Messenger and WhatsApp products to third-party chat software.

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Erik Sherman

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