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EU Slaps Apple with Record €500 Million Fine for Antitrust Violations in Music Streaming

1 min read
Source: Financial Times
TL;DR Summary

The European Union is set to impose its first-ever fine of €500 million on Apple for antitrust violations related to its music streaming services, according to sources. The EU's competition enforcer, Margrethe Vestager, is expected to announce the penalty over concerns that Apple's App Store rules unfairly limit music streaming rivals. This move comes as regulators globally scrutinize the dominance of tech giants and their control over app stores and the distribution of digital services.

Topics:business#antitrust#apple#businesstech#eu#fine#music-streaming
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  1. EU to hit Apple with first ever fine in €500mn penalty over music streaming  Financial Times
  2. EU to Fine Apple About €500 Million Over Music Services, FT Says  Bloomberg
  3. Report: EU to fine Apple about $500 million for anticompetitive App Store policy in music streaming market  StartupNews.fyi
  4. EU to hit Apple with €500m fine over antitrust music streaming complaint from Spotify  iMore
  5. EU to fine Apple around 500 million euros over music streaming, FT reports  Marketscreener.com

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