EU Slaps Heavy Fines on Tech Giants

The European Commission has imposed a combined fine of €700 million on Apple and Meta Platforms for breaches of the bloc's competition laws. This move signifies a heightened tension between the EU and the US over digital market regulations.

Apple's €500M Penalty

Apple faces a €500 million fine for restricting developers from leveraging alternative distribution channels outside its App Store, thereby limiting consumer access to cheaper and diverse options.

Meta's €200M Fine

Meta was fined €200 million for its "Consent or Pay" advertising model, which fails to offer users a clear choice for services that use less personal data while maintaining service equivalence.

A Strong Message from the EU

"Today's decisions underscore the DMA's role in fostering fair competition, protecting consumers, and ensuring a level playing field in the digital market," stated Teresa Ribera, Executive Vice-President for Clean, Just and Competitive Transition.