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European Commission fines Apple and Meta €700m

Montage with the apple logo and a phone screen displaying Meta.
Montage: Gary Hershorn/Ezra Acayan/Getty Images

Tech giants found to have breached obligations on anti-steering rules, but fines lighter than expected.

The European Commission has found two major US tech giants, Apple and Meta, guilty of violating its antitrust rules and has imposed a combined penalty of €700mn ($796mn) on them.

In a statement on Wednesday, the Commission said it had “found that Apple breached its anti-steering obligation under the Digital Markets Act