Apple likely to face EU fine for breaching DMA rules
Apple and Meta Platforms are set to face European Union fines for allegedly breaching Digital Markets Act rules, Reuters reports Monday, citing “people with direct knowledge of the matter.”
Reuters:
Both companies have been in the European Commission’s crosshairs since last year for potential breaches of the Digital Markets Act which could cost companies as much as 10% of their global annual sales.
The EU antitrust enforcer is focused on making sure the companies comply with the law rather than sanctioning them, the sources said, explaining the rationale for modest fines.
Other reasons are the short duration of the alleged violations – the DMA came into force in 2023 – and the geopolitical climate, they said.
U.S. President Donald Trump in a memorandum last month threatened to impose tariffs against countries that impose fines on U.S. companies.
MacDailyNews Take: The EU, drowning in an ever-growing sea of red tape, is right (for a change) to be very careful here. Imposing anything more than a face-saving symbolic fine would be a mistake.
The European Union arose because the Europeans couldn’t compete on their own with the rest of the world, so they each lined up to surrender their national sovereignty, unique cultures, and dignity for an undemocratic, opaque, wasteful, bloated, bureaucratic quasi-governmental blob – and, even with the EU’s thumbs all over the scale, they still can’t compete. — MacDailyNews, March 4, 2024
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