Meta, Apple fined €700 mn for violating EU antitrust rules

APPLE WAS FINED €500 million ($570 million) on Wednesday and Meta €200 million, as European Union (EU) antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.

- FOO YUN CHEE & JAN STRUPCZEWSKI

The EU fines could stoke tensions with US President Donald Trump who has threatened to levy tariffs against countries that penalise US firms. They follow a year-long investigation by the European Commission, the EU executive, into whether the companies comply with the Digital Markets Act (DMA) that seeks to allow smaller rivals into markets dominated by the biggest firms.