EU to Issue Modest Fines to Apple and Meta for Digital Markets Act Violations
The fines reflect the EU's focus on compliance rather than severe penalties, with a final decision expected later this month.
- Apple and Meta are facing fines from the EU for alleged breaches of the Digital Markets Act (DMA), which became law in May 2023.
- The DMA aims to increase competition in the tech sector by requiring companies to open their platforms to third-party services and app stores.
- The fines are expected to be modest, influenced by the short duration of the violations and geopolitical considerations, including U.S. tariff threats.
- Apple and Meta have both criticized the EU's demands, with Apple citing security risks and Meta claiming regulators exceeded the law's scope.
- The European Commission's decision, anticipated this month, will set a precedent for the enforcement of the DMA against major tech firms.