"The European Commission has issued fines of 500m for Apple and 200m for Meta under the EU's Digital Markets Act, a landmark law for fair competition."
"Apple was fined for restricting app developers from distributing outside the App Store, affecting consumer choice and alternative pricing. Meta's model wasn't compliant with DMA."
The European Commission has imposed significant fines on Apple and Meta for breaching the EU Digital Markets Act, aimed at ensuring fair competition among tech giants. Apple received a â¬500 million fine for limiting app developers' distribution options outside its App Store, undermining consumer choice. Meta was fined â¬200 million for its consent or pay model, found noncompliant with DMA regulations. These penalties emphasize the EU's commitment to regulating large tech firms and ensuring a fairer market environment, and they highlight the ongoing tension with U.S. regulatory attitudes towards internet governance.
Read at www.theguardian.com
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