Apple and Meta Fined by EU for Digital Markets Act Violations

EU Imposes Sanctions on Big Tech

• 🇪🇺 European Union antitrust regulators have issued the first sanctions under the Digital Markets Act (DMA), targeting Apple and Meta.
• 💰 Apple was fined $570 million, and Meta received a fine of $228 million.
• 🎯 The DMA legislation aims to curb the power of Big Tech companies and foster competition by allowing smaller rivals into dominated markets.

Investigation and Violations

• 🔍 The sanctions follow a year-long investigation by the European Commission into the companies' compliance with the DMA.
• 🍎 Apple was found to have technical and commercial restrictions preventing app developers from steering users to cheaper deals outside the app store.
• 📱 Meta's