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EU Commission Fines Apple and Meta $800 Million for Digital Markets Act Violation

EU Commission Fines Apple and Meta $800 Million for Digital Markets Act Violation

RegulationTechnologyAntitrustEuropeanUnion

The European Commission has imposed a total fine of $800 million on Apple and Meta for violating the Digital Markets Act, legislation aimed at curbing the power of the largest tech companies. This decision marks the first enforcement of this law, which seeks to reduce the dominance of Silicon Valley-based tech giants.