Apple and Meta have voiced strong objections to 700 million in fines levied by the European Union, alleging unfair treatment. The tech giants argue that the EU is disproportionately targeting US companies with its regulatory actions. According to representatives from both Apple and Meta, the fines are not supported by sufficient evidence and represent an overreach of EU authority.
Both companies are preparing legal challenges to the EU's decision. They contend that the fines stifle innovation and create an uneven playing field in the European market. The dispute highlights ongoing tensions between US tech companies and European regulators over issues of data privacy, market dominance, and taxation. The outcome of this legal battle could have significant implications for the future of tech regulation in Europe and beyond.
Apple and Meta Challenge 700M EU Fines, Citing Unfairness
Apple and Meta are protesting fines totaling 700 million imposed by the European Union. Both tech companies claim the EU is unfairly targeting American businesses. They argue the fines are excessive and lack proper justification. The companies are preparing to appeal the decision, setting the stage for a legal battle over competition regulations.
Source: Read the original article at BBC