EU Fines Apple and Meta Total of $800 Million in First Use of Digital Competition Law
Source: New York Times
European Union regulators on Wednesday said Apple and Meta were the first companies to be penalized for violating a new law intended to increase competition in the digital economy, the latest in a string of regulatory setbacks for the tech giants.Apple was fined 500 million euros ($570 million) and Meta was fined 200 million euros ($230 million) for breaking the law, the Digital Markets Act, which was adopted in…
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