Data News > Apple and Meta Hit With EU Fines, Ordered to Improve Consumer Choice
- European Commission fines Apple and Meta a total of 700 million euros for violating EU antitrust rules
- Apple iSports enters into a strategic and financial agreement with Pacifico Financial Group
- Apple's stock is down 23% from its all-time high, prompting investor uncertainty
- Apple AI ads criticized for not disclosing availability of features
- Fines imposed on Apple and Meta for breaching EU digital market rules
Apple and Meta faced significant penalties from the European Commission, amounting to 700 million euros, due to violations of EU antitrust regulations. These fines mark the first sanctions under new legislation designed to limit the dominance of Big Tech companies like Apple and Meta in the market.
In a separate development, Apple iSports, a digital gaming and technology company, announced a strategic and financial partnership with Pacifico Financial Group, a leading investment and capital advisory service provider based in California. This agreement is expected to bolster Apple iSports' position in the industry.
Despite being the world's largest company, Apple's stock has experienced a 23% decline from its peak, causing concerns among investors regarding the optimal time to purchase shares. This market downturn has affected Apple, along with numerous other stocks, prompting a reevaluation of investment strategies.
Apple came under scrutiny for its advertising practices after an industry watchdog found that the company did not provide sufficient disclosures in its Apple Intelligence ads. The National Advertising Division recommended that Apple refrain from misleading consumers about the availability of features that have not yet been released.
Furthermore, both Apple and Meta were fined millions of euros by the EU for violating digital competition regulations. Apple faced a penalty of 500 million euros, while Meta, owned by Facebook, received a 200 million euro fine for breaching the EU's Digital Markets Act.
In a related announcement, analysts predict that in 2026, the market value of AI stocks such as Amazon and Alphabet could surpass that of Apple, the current most valuable public company worldwide. This projection underscores the evolving landscape of the technology sector and the potential growth opportunities within the industry.
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Apple and Meta Hit With EU Fines, Ordered to Improve Consumer Choice
By KlickAnalytics Data Insights | April 23, 2025 10:00AM ET
Key Points
- European Commission fines Apple and Meta a total of 700 million euros for violating EU antitrust rules
- Apple iSports enters into a strategic and financial agreement with Pacifico Financial Group
- Apple's stock is down 23% from its all-time high, prompting investor uncertainty
- Apple AI ads criticized for not disclosing availability of features
- Fines imposed on Apple and Meta for breaching EU digital market rules
Apple and Meta faced significant penalties from the European Commission, amounting to 700 million euros, due to violations of EU antitrust regulations. These fines mark the first sanctions under new legislation designed to limit the dominance of Big Tech companies like Apple and Meta in the market.
In a separate development, Apple iSports, a digital gaming and technology company, announced a strategic and financial partnership with Pacifico Financial Group, a leading investment and capital advisory service provider based in California. This agreement is expected to bolster Apple iSports' position in the industry.
Despite being the world's largest company, Apple's stock has experienced a 23% decline from its peak, causing concerns among investors regarding the optimal time to purchase shares. This market downturn has affected Apple, along with numerous other stocks, prompting a reevaluation of investment strategies.
Apple came under scrutiny for its advertising practices after an industry watchdog found that the company did not provide sufficient disclosures in its Apple Intelligence ads. The National Advertising Division recommended that Apple refrain from misleading consumers about the availability of features that have not yet been released.
Furthermore, both Apple and Meta were fined millions of euros by the EU for violating digital competition regulations. Apple faced a penalty of 500 million euros, while Meta, owned by Facebook, received a 200 million euro fine for breaching the EU's Digital Markets Act.
In a related announcement, analysts predict that in 2026, the market value of AI stocks such as Amazon and Alphabet could surpass that of Apple, the current most valuable public company worldwide. This projection underscores the evolving landscape of the technology sector and the potential growth opportunities within the industry.
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