Summary
The European Union (EU) told Apple and Meta to pay a total of €700m because they broke some rules. Apple was fined because of how it runs its App Store and Meta was fined because of how it collects and uses user data.
Key Facts
- The European Union has asked Apple and Meta to pay €700m combined.
- Apple's part is €500m because of how their App Store works.
- The fine for Meta, who owns Facebook and Instagram, is €200m because of how they collect and use data from users.
- New rules called the Digital Markets Act (DMA) in the EU is the reason for these punishments.
- The two companies have 60 days to fix the issues or they might have to pay more fines.
- Apple believes it's being treated unfairly. Meta says that the EU is trying to hurt successful American businesses.
- Even though these fines are big, they are small compared to Google's €2.4bn fine last year.
- The White House, where the US president lives and works, has been contacted but hasn't said anything yet.
