Huan Qiu Wang·2025-04-24 02:26Group 1 - The European Union has imposed its first fines under the Digital Markets Act, totaling €700 million on Apple and Meta for antitrust violations [1][3] - Apple was fined €500 million for restricting developers from selling outside its app store, while Meta was fined €200 million for its ad-free service model on Instagram and Facebook [1][3] - The Digital Markets Act, effective from March 7, 2024, allows regulators to impose fines up to 10% of a company's global annual revenue for violations [3] Group 2 - Both Apple and Meta expressed dissatisfaction with the fines and are considering appeals, citing concerns over user privacy and forced changes to their business models [3] - Analysts suggest that the fines could exacerbate tensions between the EU and the Trump administration, which has threatened tariffs on countries penalizing American companies [3] - EU antitrust chief Teresa Ribera emphasized that all companies operating in the EU must comply with its laws and respect European values [3]