The European Union has recently imposed fines on tech giants Apple and Meta for breaching the Digital Market Act (DMA). Apple has been fined 500 million euros for limiting app developers from guiding users to more affordable alternatives outside of the App Store. On the other hand, Meta, previously known as Facebook, has been penalized with a 200 million euro fine for compelling users to agree to personalized advertisements or opt for a paid option to evade them. This move by the EU demonstrates a strong stance on regulating the digital market and ensuring fair competition. Both Apple and Meta have been under scrutiny for their business practices, and these fines serve as a warning to other tech companies operating within the EU. The penalties highlight the EU’s commitment to upholding consumer rights and fostering a level playing field in the digital landscape. The tech industry will be closely monitoring the implications of these fines as they navigate the evolving regulatory environment.

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EU fines Apple €500m, Meta €200m for DMA violations
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