Europe’s Digital Markets Act: Apple, Facebook parent Meta become first tech companies to be…

Apple and Facebook parent company have been fined by the European Union with two becoming the first tech giants to be slapped with significant fines under the bloc’s Digital Markets Act (DMA). The European Commission penalised Apple with $570 million (500 million euros) and Meta $228 million (200 million euros) for distinct breaches of the DMA.

The European Commission, the EU’s executive arm, announced these penalties following a comprehensive year-long investigation into the two companies’ adherence to the DMA – which is designed to foster a more competitive digital landscape by reducing barriers for smaller enterprises seeking to compete with dominant global technology corporations.