Apple was fined 500 million euros on Wednesday, April 23, 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, Reuters reports.
The EU fines could stoke tensions with U.S President Donald Trump who has threatened to levy tariffs against countries that penalize U.S. companies.
The sanctions following a year-long investigation by the European Commission, the EU executive, into whether the companies comply with the Digital Markets Act that seeks to allow smaller rivals into markets dominated by big tech.
