EU Fines Apple $2 Billion For “Abusive” App Store Rules

Bloomberg News reports:

Apple Inc. was hit Monday with a €1.8 billion ($2 billion) penalty from the European Union over an investigation into allegations it shut out music-streaming rivals, including Spotify Technology SA, on its platforms.

The European Commission also ordered the Cupertino, California-based firm to stop preventing music-streaming apps from informing users of cheaper deals away from Apple’s App Store.

“For a decade, Apple abused its dominant position in the market for the distribution of music streaming apps through the App Store,” EU antitrust chief Margrethe Vestager said.

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Apple is hit with a €1.8 billion penalty from the EU over an investigation into allegations it silenced music-streaming rivals on its platforms https://t.co/J8hyitPKkz

— Bloomberg (@business) March 4, 2024