The White House on Wednesday condemned EU fines on Apple and Meta Platforms, labeling them a “novel form of economic extortion” that the U.S. will not accept. On Wednesday, EU antitrust regulators imposed fines of €500 million ($570 million) on Apple and €200 million on Meta, marking the first penalties under the EU’s Digital Markets Act regulatory regime. Steve Holland and Kanishka Singh for Reuters:
As we wrote yesterday, “Of course Apple should appeal the ludicrous demand that it should be forced to allow developers to abuse its App Store to post free advertisements for lower prices elsewhere.” The European Union arose because the Europeans couldn’t compete on their own with the rest of the world, so they each lined up to surrender their national sovereignty, unique cultures, and dignity for an undemocratic, opaque, wasteful, bloated, bureaucratic quasi-governmental blob – and, even with the EU’s thumbs all over the scale, they still can’t compete. — MacDailyNews, March 4, 2024 Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post White House calls EU fines on Apple and Meta ‘economic extortion’ appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. |
Thursday, April 24, 2025
White House calls EU fines on Apple and Meta ‘economic extortion’
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