The European Union recently issued fines to tech giants Apple and Meta for breaching the Digital Market Act (DMA), with penalties amounting to 500 million euros and 200 million euros, respectively. Apple was sanctioned for its practices of limiting app developers from steering users to more cost-effective alternatives outside of the App Store. On the other hand, Meta, formerly known as Facebook, received penalties for compelling users to agree to personalized advertisements or opt for a payment to evade them. This move by the EU highlights the increasing scrutiny and enforcement actions being taken against major tech companies for potential antitrust violations and anti-competitive behavior. The fines imposed on Apple and Meta serve as a warning to other tech firms operating in the digital market to adhere to regulations and fair practices.

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EU fines Apple €500M, Meta €200M for Digital Market Act violations, targeting App Store restrictions and forced ad consent.
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