EU Slaps Apple and Meta with Huge Fines for DMA Violations
The European Commission has fined Apple €500 million and Meta €200 million for breaching the Digital Markets Act (DMA), marking the first sanctions under the landmark legislation aimed at curbing Big Tech's power. Both companies criticized the decision, with Apple vowing to challenge the fine, citing concerns about user privacy and security. Meta argued the EU is unfairly targeting American businesses. The fines target Apple's restrictions on app developers and its prevention of sideloading, while Meta's binary pay-or-consent model also drew penalties. The EU's actions could escalate trade tensions with the US.
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