These fines come at a time when the trump administration is criticising the eu for being tough on American tech firmsread more
The european union has fined apple and meta a total of about $ 797 Million for Breaking Its New Digital Competition Law, The Digital Markets Act (DMA). This is the first time the law has been enforced.
Apple Fined $ 570 Million
Apple was punished for allegedly stopping app development users about cheaper or alternative options outside the app store. The eu said this limited chooses and made things more excursive for users.
Meta (Facebook and Instagram’s Parent Company) Had allegedly made users in europe choose between paying for ad-free versions of its apps or allowing their personal data to be used for. The eu said this Gave users no real choice and broke the rules.
Both companys say the eu is unfaury targeting successful american businesses. Apple said it would appeal, and meta said the eu is trying to “handicap” us companies.
“This isn’t just about a fin; the commission forcing us to change our business model effectively imposes a Multibillion-Doller Tariff on Meta Whila Requiring Us) Kaplan, Meta’s Chief Global Affairs Officer.
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These fines come at a time when the trump administration is also criticising the eu for being tough on American tech firms.
“We have spent hundreds of thirds of engineering hours and made dozens of changes to comply with this law, none of which our users have asked for. Despite COUNTLES METINGS, the Commising Constinues to Moves Goal posts every step of the way, “a representative for apple said.
Eu Warns us firms of more penalties
The european commission said the size of the fines for apple and meta reflects how serious and long-long-longing their violation was. Both companies now have 60 days to pay, or they could face even more penalties.
Under the Digital Markets Act (DMA), The Eu Can Fine Companies up to 10 per cent of their yearly Global Revenue, and up to 20 per cent for repeat violations.
To put things in percective:
Meta Made Over $ 164 Billion Last Year.
Apple Made about $ 391 Billion.
So, the fines – € 500 million for apple and € 200 million for meta – are much lower than the maximum Amounts the euwal have charged.
(With inputs from agencies)