EU Fines Apple for Unfairly Favoring its Music Streaming Service

The European Union fined Apple nearly $2 billion for unfairly favoring its own music streaming service over rivals like Spotify by prohibiting them from informing users about cheaper subscription options outside of iPhone apps. Apple contests the decision and faces a separate antitrust investigation regarding its mobile payments service. The EU's Digital Markets Act aims to prevent tech giants from dominating digital markets, with Apple already revealing plans to comply with the new rules.

EU Fines Apple for Anticompetitive Practices

The European Union fines Apple $2 billion for anticompetitive practices favoring its own music streaming service over competitors like Spotify. Apple plans to appeal the decision, denying the allegations. Spotify welcomes the fine, emphasizing the importance of preventing tech giants from abusing their power.