Apple, Meta hit by 700 million euros in EU fines after Trump threats

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Apple Inc. and Meta Platforms Inc. were hit by relatively modest European Union fines totalling 700 million euros ($798 million) for violating tough new antitrust rules for Big Tech following warnings of harsh retaliation from US President Donald Trump.

EU regulators levied the penalties — 500 million euros against Apple and 200 million euros against Meta — under its Digital Markets Act, which includes a list of dos and don’ts for Silicon Valley giants.

The punishments are far lower than previous penalties under traditional EU competition law,…



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Apple, Meta hit by 700 million euros in EU fines after Trump threats


Apple Inc. and Meta Platforms Inc. were hit by relatively modest European Union fines totalling 700 million euros ($798 million) for violating tough new antitrust rules for Big Tech following warnings of harsh retaliation from US President Donald Trump.

EU regulators levied the penalties — 500 million euros against Apple and 200 million euros against Meta — under its Digital Markets Act, which includes a list of dos and don’ts for Silicon Valley giants.

The punishments are far lower than previous penalties under traditional EU competition law,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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