Connect with us

Hi, what are you looking for?

Rise In The FutureRise In The Future

Tech News

Apple to be fined over $500 million under EU antitrust law

Pink Apple logos
Image: The Verge

Apple will reportedly have to pay around €500 million (about $539 million USD) in the EU for stifling competition against Apple Music on the iPhone. Financial Times reported this morning that the fine comes after regulators in Brussels, Belgium investigated a Spotify complaint that Apple prevented apps from telling users about cheaper alternatives to Apple’s music service.

The issue comes down to Apple’s efforts to keep apps and users corraled inside its App Store payments system. Spotify complained in 2019 that Apple’s policies muted competition against Apple Music, kicking off an EU investigation the next year. The EU whittled its objections down to oppose Apple’s refusal to let developers even link out to their own subscription…

Continue reading…

You May Also Like

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave and guest Julius de Kempenaer of RRG Research talk sector rotation, growth vs. value, offense vs....

Tech News

Photo by Jakub Porzycki/NurPhoto via Getty Images Intel’s chip-making division accumulated $7 billion in operating losses in 2023, Reuters reported on Tuesday. That’s a...

Tech News

Screenshot: Wes Davis / The Verge There’s a little-known hack in rural America: you can get the best fried food at the gas station...

Tech News

Photo by Amelia Holowaty Krales / The Verge Linux, the most widely used open source operating system in the world, narrowly escaped a massive...