Apple, Google, Dropbox Face Italy Antitrust Probes Over Cloud Computing Services

Italy’s antitrust officials said on Monday that they were opening six investigations against global operators such as cloud computing services Alphabet Inc. (NASDAQ: GOOGL) (NASDAQ: GOOG) subsidiary Google, Apple Inc. (Nasdaq: AAPL), and Dropbox, Inc. (NASDAQ: DBX).

What happened: The Competition Authority of Italy, Autorita Gerainte della Concorenza e del Mercato, said in a statement that it was looking into alleged unfair commercial practices by the companies.

The Italian competition body said it is looking into allegations that companies failed to show how their services collect and use consumer data for commercial purposes.

Why it matters: Many technology companies in the United States are facing extensive scrutiny in the European Union.

EU officials investigating Facebook inc (NASDAQ: FB) over antitrust concerns, which the Mark Zuckerberg-led company says it is interfering with the privacy of its employees.

Google told the European Union in July that it would not be used Fitbit Inc. (NYSE: FIT) data to target ads for approval for a deal to acquire a health wearables firm.

According to the New York Times, the US Department of Justice could bring an antitrust case against Google earlier this month to see the company’s dominance in search, video streaming and other areas.

Price Action: Alphabet Class A shares fell nearly 3% to close at $ 1,581.21 on Friday and Class C shares fell nearly 3.10% to close at $ 1,591.04 on Friday.

Apple shares were mostly unchanged at $ 120.96 on the same day, while Dropbox shares closed nearly 4% lower at $ 19.75.

See more from Benzinga

© 2020 Benzinga does not provide investment advice. All rights reserved.