Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
https://www.marketwatch.com/story/apple-hit-with-landmark-an...
Apple has been charged with abusing its dominant position in the music-streaming market by imposing restrictive rules on the App Store, in a landmark move by European Union regulators.

The charges follow a 2019 complaint from music streaming platform Spotify, and carry a maximum penalty of up to 10% of Apple’s global annual turnover — what could amount to a multibillion-dollar fine.

This is the first time Apple AAPL, -0.07% has faced antitrust charges in the 27-member bloc, and the action represents one of a number of regulatory pressures on Apple globally that could lead to a change in the technology giant’s business model.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.