Apple Hit with €500 Million Penalty and Meta Faces €200 Million Fine for Violating EU Regulations
In a significant move, the European Union has imposed fines of €500 million on Apple and €200 million on Meta, marking the first enforcement actions under groundbreaking legislation designed to rein in the influence of Big Tech. As EU antitrust regulators take this decisive step, the implications for U.S. relations, particularly with former President Donald Trump, may become a point of contention; he has previously signaled intentions to impose tariffs on nations that penalize American firms.
This action follows an…