Apple and Meta Platforms are set to face modest fines for allegedly breaching landmark rules aimed at reining in their power, people with direct knowledge of the matter said on Monday.
Both companies have been in the European Commission’s crosshairs since last year for potential breaches of the Digital Markets Act which could cost companies as much as 10% of their global annual sales.
The act, which became law in May 2023, seeks to make it easier for people to move between competing online services like social media platforms, internet browsers and…
