The European Union has imposed its first major penalties under the newly enacted Digital Markets Act (DMA), fining tech giants Apple and Meta a combined €700 million ($797 million) for violating the sweeping competition law.
The European Commission, the EU's executive body, announced Wednesday that Apple has been fined €500 million ($570 million), while Meta, the parent company of Facebook and Instagram, faces a €200 million ($228 million) penalty.
