Overview
- The European Commission has issued its first fines under the Digital Markets Act, targeting Apple and Meta for anti-competitive practices.
- Apple was fined €500 million for limiting app developers' ability to communicate with customers and offer alternative pricing outside the App Store.
- Meta faces a €200 million fine for combining user data across its platforms without proper consent for advertising purposes.
- Apple has announced plans to appeal the decision, calling it unfair, while Meta's earlier compliance proposal is still under review by the Commission.
- Both companies must comply with the EU's rulings within 60 days or risk additional periodic penalties, as tensions between the U.S. and EU over trade policies escalate.