EU Fines Apple and Meta €700 Million for Antitrust Violations
The European Union levied a €500 million fine against Apple for restricting app developers from directing users to cheaper, external subscription options and a €200 million fine against Meta for its “consent or pay” data usage model. These penalties, the first under the EU’s Digital Markets Act, target practices deemed anti-competitive. Both companies are expected to appeal. The fines stem from investigations into violations of the DMA’s regulations designed to ensure fair competition among large tech companies.
John Q. Hosedrinker