The European Commission has imposed substantial fines on Apple and Meta for breaching fair competition rules under the EU Digital Markets Act. These fines mark a significant moment in tech regulation, especially as they clash with the criticism from the Trump administration, which accused the EU of economic extortion. While the monetary penalties are notable, the greater challenge lies in the heightened scrutiny tech giants face in the US, which threatens their fundamental corporate structures that have previously allowed them to thrive. The US DOJ is also actively pursuing antitrust actions against various tech firms, signaling a regulatory shift.
The European Commission has fined Apple 500m and Meta 200m for breaking rules on fair competition and user choice under the EU Digital Markets Act.
The fines are likely to provoke further tensions with the Trump administration, which described the EU's actions as a novel form of economic extortion.
While the EU enforces stricter consumer protections, the scrutiny the tech giants face in the US poses a greater threat to their operational structures.
The US Department of Justice is actively engaging in antitrust cases against major tech companies, indicating a shifting regulatory landscape.
Collection
[
|
...
]