Apple and Meta hit with first fines under Europe's new Digital Markets Act

The European Commission has fined tech giants Apple and Meta over suspected anticompetitive practices, penalizing them €500 million and €200 million respectively for blocking developers' ads outside the App Store and enforcing a "consent or pay" model on users. Both companies have agreed to eliminate these practices, with Apple promising not to impose similar tactics in the future. After making changes like simplifying browser settings and allowing app uninstallations, Meta's investigation into the antitrust concerns may be nearing closure. Meanwhile, Apple's extended timeline for resolving its case underscores the ongoing complexities of navigating Europe’s new antitrust framework.