Meta Criticizes EU Fine

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antitrust law

Yahoo Finance

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Technology

Meta: EU is trying to ‘handicap successful American businesses’ with new fines

Summary

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77% Informative

Meta Platforms ( META ) was fined $228 million under EU antitrust law.

Apple (AAPL) fined $571 million under a different provision of the same law, claiming the iPhone maker failed to allow app developers whose apps are offered through the App Store alternative ways to make purchases.

Apple also confirmed it would appeal the decision and continue to seek a resolution.

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formal

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English

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