Apple and Google Face Billions in Fines from Major EU Court Rulings
Tuesday, 10 September 2024, 09:22
Significant EU Court Rulings Affecting Tech Giants
Apple and Google both faced substantial setbacks in recent court rulings, resulting in hefty fines from the European Commission. These rulings stem from allegations of anti-competitive practices and are part of a broader effort by the EU to regulate Big Tech.
The Details Behind the Rulings
- Apple was fined for its App Store policies, which were deemed monopolistic.
- Google's advertising practices were scrutinized, leading to severe penalties.
- Both companies have announced intentions to appeal, but the likelihood of success appears low.
The Impact on the Tech Industry
The consequences of these rulings may stretch beyond financial burdens. They're indicative of the EU's stronger stance against tech giants and could inspire similar regulatory measures worldwide.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.