Apple and Meta fined millions by EU over competition law

Apple and Meta have been fined millions of euros by the EU for breaking digital competition rules. They are the first companies to be fined for breaching a new law designed to increase competition in the EU’s digital economy. Apple was fined €500m (£428m) for stopping app makers from pointing to cheaper options outside the App Store – and Meta was fined €200m (£171m) for forcing Instagram and Facebook users to choose between seeing ads or paying to avoid them. The fines were issued under the EU’s Digital Markets Act (DMA), a series of rules designed to give consumers and…