Business

EU Slaps Apple and Meta with Hefty €700M Fines for Violating Digital Markets Act

Major Fines Imposed on Tech Giants

The European Commission has taken a bold step by fining Apple and Meta Platforms a combined total of €700 million for breaches under the Digital Markets Act (DMA). This move underscores the EU's commitment to fostering fair competition and protecting consumer rights in the digital marketplace.

Apple's App Store Practices Under Scrutiny

Apple faced a €500 million penalty after the Commission found its App Store policies restrictive. These measures prevent developers from leveraging alternative distribution channels, ultimately limiting consumer access to diverse and potentially cheaper services.

Meta's Controversial Advertising Model

Meta was fined €200 million for its "Consent or Pay" advertising model, which the EC criticized for not offering users a clear choice to opt for services that use less personal data while maintaining service quality.

A Strong Message from the EU

Teresa Ribera, Executive Vice-President for Clean, Just and Competitive Transition, emphasized the DMA's role in ensuring contestable and fair markets. "Today's decisions send a strong and clear message," she stated, highlighting the act's importance in protecting European consumers and leveling the playing field.