Apple and Meta Platforms were hit by relatively modest European Union fines totaling €700 million ($798 million) for violating tough new antitrust rules for Big Tech, following warnings of harsh retaliation from U.S. President Donald Trump.
EU regulators levied the penalties ¡ª €500 million against Apple and €200 million against Meta ¡ª under its Digital Markets Act (DMA), which includes a list of dos and don¡¯ts mainly aimed at Silicon Valley giants.
¡°Apple and Meta have fallen short,¡± EU antitrust chief Teresa Ribera said on Wednesday. ¡°All companies operating in the EU must follow our laws and respect European values.¡±
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