Apple and Meta Hit With Fines for Violating E.U. Digital Competition Law
1. Apple fined €500 million for violating Digital Markets Act regulations. 2. EU aims to curb power of major tech firms like Apple and Meta. 3. Regulatory challenges could disrupt Apple's business model and growth. 4. U.S. antitrust concerns mirror EU's actions against Apple's market practices. 5. Uncertainty around political retaliation from the U.S. government remains.