Meta and Apple face hefty fines from the EU, amounting to nearly $800 million, over non-compliance with the Digital Markets Act (DMA). Meta's “pay or consent” model triggers a €200 million penalty, while Apple must amend its App Store operations or risk daily fines. Meta's Joel Kaplan criticizes the move as an economic hit, with both companies planning to contest the actions, which have sparked friction between the EU and U.S. authorities over tech regulations.
Meta and Apple face hefty fines from the EU, amounting to nearly $800 million, over non-compliance with the Digital Markets Act (DMA). Meta's “pay or consent” model triggers a €200 million penalty, while Apple must amend its App Store operations or risk daily fines. Meta's Joel Kaplan criticizes the move as an economic hit, with both companies planning to contest the actions, which have sparked friction between the EU and U.S. authorities over tech regulations.