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

Quick Summary:

LONDON :European Union regulators on Wednesday imposed fines on Apple and Meta totalling 700 million euros ($877 million) for violating new antitrust rules, the first sanctions under landmark legislation aimed at curbing Big Tech's power.

"Today’s decisions are important to show Big Tech that if they choose to operate on the EU's Single Market they must play by our rules.

"There must be no doubt that the Commission is prepared to exhaust all legal means to enforce European law.

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Article Details

Category: EconomyBusiness

Markets: SingaporeGermany

Topics: Tech Digital Commission Fines Meta Must Markets Apple Companies Rules European

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-23 @ 20:22:46 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 872 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28171010

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 69 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 47 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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