Action On Big-Tech: EU Hands Apple With A Fine Of Nearly USD 2 Billion

Big tech has been facing the ire regulation for some time now. In the past decade, the power that these Multi-National tech-oriented companies posses has only augmented in the past few years.

This has also resulted in discourse surrounding the understanding and definition of the scope of regulation to rise in prominence as well.

European governmental agencies, especially the all-powerful European Union and his institutions have time and again reprimanded Big-tech, either for unfair practices or anti-competitive issues.

Apple music violates competitive norms

In a recent development, that dovetails to this trend, The European Union levelled its first antitrust penalty against Apple on Tuesday. Brussels handed the California-based firm with 1.8 billion Euro fine.

This decision came after Apple was found breaking the bloc’s competition laws by unfairly espousing its own music streaming, Apple Music, undercutting

In the past Apple, along with Google have been impaled with similar allegations of attempting to quell competition or extracting additional from application developers on their app platforms, App Store and Play Store respectively.

In the past major markets in the sector have brought these tech giants to scrutiny, in the recent past, The Competition Commission of India (CCI) took action against several Big Tech companies, including Google, Meta, Apple, and Amazon. Google has been fined for violating antitrust regulations.