Apple, Meta Fined by EU, Ordered to Comply With Tech Competition Rules

The European Union fined Apple AAPL 2.39%increase; green up pointing triangle and Meta META 4.74%increase; green up pointing triangle Platforms hundreds of millions of dollars and ordered the companies to comply with the bloc’s tech rules in a move that risks ratcheting up tensions with the Trump administration as officials pursue trade talks. 

The European Commission, the EU’s executive body, on Wednesday slapped Apple with a 500 million euro fine, equivalent to about $570 million, for allegedly breaching the bloc’s Digital Markets Act. It fined Meta 200 million euros.