On 23 April, the European Union called out two of the biggest names in the modern tech industry – Apple and Meta (Facebook, WhatsApp and Instagram’s parent company) – and gave them major fines for not playing fair in the digital sandbox.
What about the fines? Not small change
Apple has to pay €500 million (around $570 million) for restricting how app developers tell you, the users, about cheaper options outside the App Store.
Meta got hit with a €200 million (around $228 million) penalty for making users, meaning again you, choose between paying for ad-free Facebook/Instagram or giving up their data to be tracked for ads.
This move is part of a bigger plan known as the Digital Markets Act (DMA) – the EU’s new rulebook designed to stop Big Tech from locking users into their systems and cornering digital markets.