Apple, Meta Fined as EU Presses Ahead With Tech Probes

Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech. From a report: The EU fines could stoke tensions with U.S. President Donald Trump who has threatened to levy tariffs against countries that penalise U.S. companies. WSJ adds more details: The commission also issued cease-and-desist orders that could have a bigger impact than the fines. One order targets Apple's App Store and the other takes aim at Meta's use of personalized ads -- important revenue streams for each company. [...] The EU's action against Meta focuses on the company's effort to get users to agree to seeing personalized ads on Instagram and Facebook -- its main source of revenue. The commission ordered Meta to stop requiring users to either agree to those ads or pay for a subscription. It said it was still evaluating whether a "less-personalized ads" option that Meta introduced last fall complies with that order, raising the specter of further changes. The Apple case deals with the company's App Store rules. The commission said Apple had failed to comply with an obligation to allow app developers to inform customers, free of charge, of alternative ways to purchase digital products.

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