Apple and Meta hit with the EU's first DMA antitrust fines
Briefly

The European Commission has fined Apple €500 million and Meta €200 million for violations of the Digital Markets Act (DMA). Apple was penalized for its App Store's 'anti-steering' practices which restrict developers from promoting alternative payment options. Meta faces fines due to its ad model requiring user consent or payment to remove ads. Both companies, identified as 'gatekeepers', must conform to DMA regulations designed to enhance competition in digital markets established in May 2023. The fines reflect the seriousness of compliance, with potential further penalties for repeat offenders.
Apple has been penalized €500 million for violating the Digital Markets Act, specifically regarding anti-steering practices in its App Store.
Meta has incurred a €200 million fine for its ad model on Facebook and Instagram, requiring users to pay or consent to data use.
Under the Digital Markets Act, Apple and Meta have been compelled to modify their software practices to foster a more competitive digital market environment.
The DMA aims to reduce anticompetitive behavior among 'gatekeeper' companies, with hefty fines for violations based on a percentage of their global revenue.
Read at The Verge
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