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Apple and Meta fined millions for breaching EU law

Link: ca.finance.yahoo.com/news/appl
Discussion: news.ycombinator.com/item?id=4

Apple fined $570 million and Meta $228 million for breaching EU law

Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech. The EU fines could stoke tensions with U.S President Donald Trump who has threatened to levy tariffs against countries that penalise U.S. companies. The sanctions following a year-long investigation by the European Commission, the EU executive, into whether the companies comply with the Digital Markets Act that seeks to allow smaller rivals into markets dominated by big tech.

ca.finance.yahoo.com · Yahoo Finance

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