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Technology Stocks : Apple Tankwatch
AAPL 227.63-2.4%Feb 7 9:30 AM EST

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From: zax3/5/2024 12:30:50 AM
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Jon Koplik

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Apple fined almost $2 billion by EU for giving its music streaming service leg up over rivals'

cbsnews.com

London — The European Union leveled its first antitrust penalty against Apple on Monday, fining the U.S. tech giant nearly $2 billion for breaking the bloc's competition laws by unfairly favoring its own music streaming service over those of competitors.

...

The investigation found that Apple banned streaming services from telling users about how much subscription offers cost outside of their apps, including links in their apps to pay for alternative subscriptions or even emailing users to tell them about different pricing options.

The fine comes the same week that EU rules are set to kick in that are aimed at preventing tech companies from dominating digital markets.

... cbsnews.com
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