EU to Impose Fines on Apple and Meta Under Digital Markets Act

According to PANews, the European Union is set to impose minimum fines on Apple and Meta, the owner of Facebook, next week under its Digital Markets Act. The decision aims to prevent escalating tensions with U.S. President Donald Trump. Sources indicate that Apple will be fined and required to amend its App Store regulations. Meta will also face penalties and be instructed to alter its 'pay or agree' model, which forces users to either consent to data tracking or pay for an ad-free experience. Under antitrust laws, companies could face fines up to 10% of their global revenue, potentially resulting in billions of dollars in penalties for both firms. However, three officials have stated that the European Commission's target is significantly lower than this threshold, as the regulations are relatively new and may be challenged in court.