The European Commission has fined Apple $570 million after concluding the company prevented developers from steering customers outside its App Store to access cheaper deals.
The EU also fined Meta $229 million over its "pay or consent" system after it violated rules on the use of personal data on Facebook and Instagram.
But what does it actually mean? CGTN’s William Denselow explains.
The EU also fined Meta $229 million over its "pay or consent" system after it violated rules on the use of personal data on Facebook and Instagram.
But what does it actually mean? CGTN’s William Denselow explains.
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NewsTranscript
00:00These fines follow a roughly 13-month investigation.
00:03The European Commission are saying that both Meta and Apple violated the Digital Markets Act.
00:09Meta fined $228 million over its consent or pay advertising model.
00:16Apple fined $571 million.
00:20The Commission saying they failed to inform users about offers outside of Apple's App Store.
00:26Apple and Meta have said this ruling is unfair.
00:29Apple say they will contest it in court.
00:32Both sides have 60 days to comply.
00:36The European Commission says that should this go to court,
00:39they are confident in their investigation, confident they will win.
00:43The Trump administration, amidst growing trade tensions between the EU and Washington,
00:49has previously said that any penalties on American tech firms would be met with retaliation.
00:54So all eyes will be on how the Trump administration will now respond.