EU Hits Apple with $2 Billion Fine for Anti-Competitive Music Streaming Practices

The European Union has fined Apple nearly $2 billion for unfairly favoring its own music streaming service by prohibiting rivals like Spotify from informing users about cheaper subscription payment options outside of iPhone apps. This decision follows a yearslong feud between Apple and Spotify and comes as new EU rules aim to prevent tech giants from dominating digital markets. Apple contests the decision and faces a separate EU antitrust investigation into its mobile payments service. The EU's fine includes an extra lump sum to deter future offenses, and Apple has stated it will appeal the decision.