From Yahoo Finance: 2025-04-23 08:22:00

European Union regulators fined Apple and Meta a total of 700 million euros for antitrust violations. Apple and Meta criticized the fines, claiming unfair treatment and repercussions on their business models. Epic Games CEO Tim Sweeney praised the decision, calling for similar actions in the U.S. Green Party leaders and consumer groups urge tougher enforcement of the Digital Markets Act. The fines come amid increased scrutiny from the U.S. on EU laws affecting American companies.

The fines aim to ensure Big Tech complies with EU regulations and creates fairer digital market conditions. The European Commission’s actions signal a push for competition, consumer rights, and small business protection. The fines also serve as a caution to tech giants to operate within the rules. German Economy Ministry supports more competition for the benefit of consumers and businesses. Europe’s digital market is evolving, prompting calls for consistent and fair taxation of tech companies.

Read more: Meta, Apple fined 700 million euros for violating EU antitrust rules