EU fines hit Apple and Meta over digital market violations
The European Commission imposed fines of €500 million and €200 million on Apple and Meta, the parent company of Facebook, Instagram, and WhatsApp, on Wednesday. This action was taken due to violations of the Digital Markets Act (DMA). The companies now have 60 days to comply with the EC's decision.
Apple was penalised for preventing app developers from promoting their products outside the App Store. Developers were unable to inform users about alternative distribution channels, thereby depriving consumers of access to more competitively priced options.
Meta, in contrast, compelled users to either share their data for advertising purposes or pay for an ad-free experience. It failed to provide users the choice to determine what data would be shared with advertisers.
Apple received a fine of €500 million, while Meta has been ordered to pay €200 million. Both companies have 60 days to comply with the European Commission's decision. If they fail to do so, additional periodic non-compliance fines may be levied.
The provisions of the Digital Markets Act (DMA), which will come into force in March 2024, are designed to promote fair competition within the European Union market.
