London, April 24 -- The European Union (EU) has imposed a €700 million ($797 million) fine on Apple and Meta for violating its digital competition law, media reports said on Thursday.
The penalties for breaching the Digital Markets Act come amid attacks on the EU by the Trump administration for what it sees as the bloc's unfair targeting of American companies, CNN reported.
The European Commission, the EU's executive arm, said Wednesday that it has fined Apple (AAPL) and Facebook owner Meta (META) €500million ($570 million) and €200 million ($228 million) respectively, the report said.
Meta's chief global affairs officer, Joel Kaplan, criticised the EU's decision, claiming it aimed to "disadvantage successful American b...