The European Union has fined Apple 500 million euros and Meta 200 million euros as part of its enforcement of digital competition rules outlined in the Digital Markets Act. Apple was penalized for preventing app developers from directing users to less expensive options outside its App Store, while Meta was fined for making users choose between personalized ads or paying to avoid them. Both companies are expected to appeal, suggesting a larger issue at play between Big Tech and EU regulations aimed at ensuring consumer choice and market competition.
Apple and Meta are facing hefty fines from EU regulators aimed at enforcing digital competition rules to promote consumer choice and market fairness.
The fines imposed reflect a growing trend of regulatory scrutiny on Big Tech, necessitating compliance with the EU's Digital Markets Act.
The EU's Digital Markets Act is designed to curtail the monopolistic practices of large tech firms and empower users with greater control over their data.
Both companies, Apple and Meta, announced plans to appeal, signaling ongoing tensions between tech giants and regulatory frameworks.
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