The Stack: Latest Industry Scrutiny from Regulators

This week on The Stack: Latest Industry Scrutiny from Regulators; Omnicom's Growth Declines in APAC; Today's MadTech Daily

This week’s digest news saw Apple’s ‘tap to pay’ antitrust case come to a close, with the European Commission (EC) accepting a set of commitments the tech giant pledged to keep for a decade. Its commitments include giving Near Field Communication technology functionalities to third-party mobile wallets free of charge, as well as enabling users to set a wallet of choice as their standard iPhone option. Apple has been given until the 25th July to implement its commitments. 

More in the EU legal landscape: X was accused of breaching the Digital Services Act. The EC found many of the platform’s features to be in breach of legislation, such as its advertising transparency and its new checkmark verification feature. Meanwhile in the UK, Microsoft fell under the scrutiny of the Competition and Markets Authority for its deal with AI startup Inflection. The regulator has now opened a full investigation into the relationship.

This week also saw Omnicom report 5.2% organic growth for Q2 2024. The LATAM region saw the strongest growth, while APAC fell behind with a slight decline.   

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