Apple Hit With $1.95 Billion Fine in EU Antitrust Investigation — WSJ - News Summed Up

Apple Hit With $1.95 Billion Fine in EU Antitrust Investigation — WSJ


The European Commission, the EU's executive body, said Monday that a yearslong investigation into the iPhone maker's app store practices found the company violated the bloc's antitrust rules by restricting app developers from telling users about alternative ways to subscribe to music-streaming services. The commission said it ordered Apple to remove the provisions that prevent developers from telling users about other ways to subscribe. Monday's announcement marks the first antitrust fine the EU has issued against Apple and closes a multiyear investigation. The decision comes just days before a new European law targeting the world's biggest tech companies is set to require Apple to make some of the changes the order outlines. Write to Kim Mackrael at Kim.mackrael@wsj.com(END) Dow Jones NewswiresMarch 04, 2024 07:24 ET (12:24 GMT)Copyright (c) 2024 Dow Jones & Company, Inc.


Source: Wall Street Journal March 04, 2024 12:28 UTC



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