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Apple and Meta Hit With $800 Million in Fines From European Union
The sanctions mark the first from EU antitrust regulators under new sanctions brought in to curtail the dominance of Big Tech
“We have taken firm but balanced enforcement action against both companies, based on clear and predictable rules,” said EU antitrust chief Teresa Ribera. “This isn’t just about a fine; the Commission forcing us to change our business model, effectively imposing a multi-billion-dollar tariff on Meta while requiring us to offer an inferior service.” While modest compared to the penalties issues by the EU’s previous antitrust chief Margrethe Vestager, the fines could stoke further tensions with Donald Trump, who has threatened to put levy tariffs in place against countries that choose to penalise U.S. companies.
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