Big Tech gets a reality check from Europe

The EU has delivered a significant blow to Big Tech’s dominance, issuing fines of €500 million to Apple and €200 million to Meta for non-compliance with its Digital Markets Act (DMA).

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While modest for trillion-dollar companies, the precedent sets is pivotal in global efforts to curb their unchecked power. For the first time, EU regulators have wielded the DMA — legislation specifically designed to open markets dominated by tech behemoths. The Apple fine targets restrictions preventing developers from steering users to cheaper deals outside the App Store. Meta faced penalties for its “consent or pay” model limiting users’ data privacy options. App