Business

EU Set to Impose Hefty Fines on Meta and Apple Over Digital Markets Act Violations on April 23

EU Takes Action Against Tech Giants

The European Commission is preparing to enforce its first Digital Markets Act (DMA) penalties on April 23, with Apple and Meta in the crosshairs, according to a report by Handelsblatt. This move signifies a bold step by the EU to regulate the digital market more strictly.

Allegations Against Apple and Meta

The Commission accuses Apple of stifling competition through restrictive app store policies, while Meta is under fire for not allowing users to opt out of data sharing. The potential fines could range from millions to hundreds of millions of euros, with additional daily penalties if the companies fail to comply within a specified timeframe.

Background of the DMA Proceedings

The EU's formal DMA proceedings against these "gatekeepers" began in March 2024. Despite the urgency of the matter, Commission President von der Leyen has reportedly delayed the decision multiple times, raising questions about the EU's strategy in enforcing digital market regulations.