Apple Fined $2 Billion by E.U. for Using App Store to Thwart Competition
Source: New York Times
Apple on Monday was fined 1.8 billion euros ($1.95 billion) by European Union regulators for thwarting competition among music streaming rivals, a severe punishment levied against the tech giant in a long-simmering battle over the powerful role it plays as gatekeeper of the App Store.The penalty, announced by the E.U. antitrust regulator, is the culmination of a five-year investigation set in motion by one of its…
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