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"EU Slaps Apple with $540 Million Fine in Music Streaming Antitrust Probe"

1 min read
Source: MacRumors
"EU Slaps Apple with $540 Million Fine in Music Streaming Antitrust Probe"
Photo: MacRumors
TL;DR

Apple is facing a potential €500 million fine from the EU for allegedly violating antitrust laws by preventing music streaming apps from informing users about cheaper subscription options outside of the App Store. The European Commission's investigation, prompted by a complaint from Spotify, aims to address concerns about unfair competition and limited consumer choice. This marks the first time Apple may be fined for antitrust violations by the EU, following a previous €1.1 billion fine in France.

Topics:businessbusiness-technology#antitrust-probe#app-store#apple#business-technology#eu#music-streaming
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  1. Apple to Be Fined Over $500 Million in EU Music Streaming Probe  MacRumors
  2. Apple will reportedly face a $539 million fine over Spotify's antitrust complaint  The Verge
  3. Apple reportedly faces €500m fine from EU over music streaming access  The Guardian
  4. Apple's looming $540 million EU fine is a warning sign to other U.S. companies  Fortune
  5. Apple Could Face EU Fine Over Spotify Complaint. Why It’s a Big Deal.  Barron's

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