Monday, March 4, 2024

Apple Fined $2 Billion by E.U. for Using App Store to Thwart Competition as Big Tech bows to Big regulation internationally

Apple Fined $2 Billion by E.U. for Using App Store to Thwart Competition

Apple said it would appeal the penalty, the latest in a series of regulatory setbacks for the tech giant.

 How international rules and regulations fractured Apple's App Store

Forced to Change: Tech Giants Bow to Global Onslaught of Rules

For years, Apple, Google, Meta and others operated unfettered. But new laws and regulations have finally compelled them to make major shifts to their products and businesses. 

The European Commission largely sided with developers in writing the Digital Markets Act that requires Apple to open the iPhone to competing app stores and allow app makers to directly accept payments.Credit...George Etheredge for The New York Times

Apple “abused its dominant position in the market for the distribution of music streaming apps,” said Margrethe Vestager, the official who oversees competition policy at the European Commission.Credit...Olivier Hoslet/EPA, via Shutterstock