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Commission finds Apple and Meta in breach of the Digital Markets Act By America-Today Apri 25£¬2025
European Union regulators on Wednesday imposed fines on Apple (AAPL.O) and Meta (META.O totalling 700 million euros ($877 million) for violating new antitrust rules, the first sanctions under landmark legislation aimed at curbing Big Tech's power. APPLE IN AN EMAILED STATEMENT: "Today's announcements are yet another example of the European Commission unfairly targeting Apple in a series of decisions that are bad for the privacy and security of our users, bad for products, and force us to give away our technology for free." META IN AN EMAILED STATEMENT: "The European Commission is attempting to handicap successful American businesses while allowing Chinese and European companies to operate under different standards. "This isn't just about a fine; the Commission forcing us to change our business model, effectively imposing a multi-billion-dollar tariff on Meta while requiring us to offer an inferior service." |
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