The European Union has imposed its first fines under the Digital Markets Act (DMA) on tech giants Apple and Meta. Apple has been fined €500 million, while Meta faces a €200 million penalty for breaching Europe’s digital regulations. These fines total approximately $797 million and signify the EU’s commitment to enforcing digital market rules regardless of company leadership or location. This enforcement comes despite threats from former U.S. President Donald Trump.
— new from Axios