💨 Abstract

The European Union fined tech giants Apple and Meta, collectively $871 million, for restricting consumer choices and preventing competition. The fines were issued under the EU's Digital Markets Act, which aims to promote competition and protect consumer data. Apple contested the fine, while Meta stated the EU was trying to disadvantage American companies. The penalties were postponed during the trans-Atlantic trade war under Trump's administration.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖