The EU's DMA is coming for Apple, and X bots are on the loose

Published: June 24, 2024, 2 p.m.

Equity is back with your Monday Morning news rundown! This morning, a press release from the European Commission named Apple as the first of tech\u2019s so-called \u201cgatekeepers\u201d to be charged for violating the EU\u2019s Digital Markets Act. Apple is one of six tech giants named by the European Commission as \u201cgatekeepers\u201d last year, alongside Alphabet, Amazon, ByteDance, Meta and Microsoft. While we continue to keep our eyes on the EU\u2019s attempts to ensure a competitive marketplace, that\u2019s not all we got into on the Equity podcast this morning. Rebecca Bellan led the show this morning and reported that X still has a Verified bot problem, but this time they came for TechCrunch writers (herself included). The experience had us wondering if X\u2019s competitors will step up, and create platforms with more safety\u2026and fewer bots.\n\nRebecca also had an IPO update for our listeners this morning as Shein finally filed for its public debut in London, and we closed out our startup coverage with a look at Sir Jack A Lot\u2019s startup for retail traders. The startup, which recently raised a $4.5 million seed round, had us hyped on the retail trading space and its continued growth.\n\nFinally, Haje closed out today\u2019s show with a teardown for Feel Therapeutics. The startup recently raised a $3.5M seed deck to revolutionize mental health care with a science-forward approach that integrates wearable devices, mobile apps, and clinician dashboards. Hit play to hear how they did it!