EU hits Apple and Meta with nearly $800 million in fines amid U.S. trade tensions
Publishing timestamp: 2025-04-23 10:02:17
Summary
The European Union fined Apple and Meta hundreds of millions of euros each for breaching digital competition laws. Apple failed to comply with anti-steering obligations under the Digital Markets Act, while Meta illegally required users to consent to sharing their data or pay for ad-free service. Both companies plan to appeal the fines and believe the EU is unfairly targeting them. EU also imposed a cease-and-desist order on Meta to make changes to its personalized ads service.
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Keywords: business news, meta platforms inc, technology, alphabet inc, apple inc, internet, social media, breaking news: technology,
Source: https://www.cnbc.com/2025/04/23/eu-fines-meta-and-apple-for-breaching-digital-antitrust-rules.html