The European Union has imposed fines totaling nearly $800 million on Apple and Meta Platforms for breaching the bloc's new digital competition law. This action underscores the EU's aggressive enforcement against large technology companies.
The European Commission stated that the fines were levied for violations of the Digital Markets Act (DMA), which aims to ensure fair competition and prevent gatekeepers from abusing their market power.
This significant financial penalty highlights the increasing regulatory risks Apple faces in the EU and could necessitate further adjustments to its business practices to comply with the stringent digital market regulations.
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