Get the latest tech news
Apple fined nearly $2 billion by the European Union over music streaming competition
The European Union has fined Apple nearly $2 billion for breaking competition laws by unfairly favoring its own music streaming service over rivals
LONDON -- The European Union leveled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly $2 billion for breaking the bloc's competition laws by unfairly favoring its own music streaming service over rivals. The EU has led global efforts to crack down on Big Tech companies, including a series of multbillion-dollar fines for Google and charging Meta with distorting the online classified ad market. “The decision was reached despite the Commission’s failure to uncover any credible evidence of consumer harm, and ignores the realities of a market that is thriving, competitive, and growing fast,” the company said in a statement.
Or read this on r/technology
