34

Penalty for breaching competition law is four times higher than forecast as Brussels looks to send message to tech firms

Apple has been fined €1.8bn (£1.5bn) by the EU after an investigation found it had limited competition from music streaming services such as Spotify.

The fine is nearly four times higher than expected as the European Commission attempts to show it will act decisively on tech companies who abuse their dominant position in the market for online services.

The European competition commissioner, Margrethe Vestager, said a smaller fine would have been nothing more than the equivalent of a parking fine and the €1.8bn was designed to act as a deterrent against a repetition of such practices by Apple or others.

no comments (yet)
sorted by: hot top controversial new old
there doesn't seem to be anything here
this post was submitted on 04 Mar 2024
34 points (100.0% liked)

worldnews

4839 readers
1 users here now

Rules:

  1. Be civil. Disagreements happen, that does not give you the right to personally insult each other.

  2. No racism or bigotry.

  3. Posts from sources that aren't known to be incredibly biased for either side of the spectrum are preferred. If this is not an option, you may post from whatever source you have as long as it is relevant to this community.

  4. Post titles should be the same as the article title.

  5. No spam, self-promotion, or trolling.

Instance-wide rules always apply.

founded 1 year ago
MODERATORS