AAPL
🇪🇺 Apple, along with Meta, was fined by European regulators under the new Digital Markets Act (DMA) for antitrust violations.
💰 Apple’s fine was €500 million (around $800 million), considered relatively modest compared to potential penalties and past fines under traditional competition law.
🏛️ The size of the fine might be seen as an attempt to avoid further provoking the U.S., given Trump’s previous criticism of EU tech regulations and trade tensions.
@bernardodegarcia:
“Let’s move on now to Apple, besides Meta, which are obviously rising because the market, in general, is this positive, but it turns out they were hit by relatively modest fines from Europe totaling 700 million euros, almost 800 million dollars, for violating new and strict antitrust rules for Big Tech in Europe. Following warnings of harsh retaliation from the U.S. President, European regulators imposed sanctions of 500 million on Apple and 200 million on Meta (euros) under the Digital Markets Act, which includes a list of dos and don’ts exclusively for Silicon Valley giants. The penalties are much smaller than previous sanctions under Europe’s traditional competition law and are likely seen as an attempt to avoid further provoking the totally unpredictable Donald Trump, who recently presented a series of tariffs on global economies. He also specifically pointed to Europe’s tech regulations as the type of non-tariff trade barrier that his so-called reciprocal tariffs aim to attack. So we’ll see how all that evolves.”
Watch the exact part of the video where @bernardodegarcia talks about Apple here:
Watch the video on YouTube
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