Apple facing first EU fine under landmark law aimed at reining in Big Tech: sources
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Apple is facing its first EU fine under a new law targeting Big Tech, adding to its antitrust challenges as EU regulators aim to create fair competition for smaller companies.
November 06, 2024 | 12:45 am
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Apple is facing its first fine from the EU under a new law designed to control Big Tech, which adds to its existing antitrust issues.
The news of a potential EU fine under a new law specifically targeting Big Tech is significant for Apple, as it adds to its ongoing antitrust challenges. This could lead to increased regulatory scrutiny and potential financial penalties, which may negatively impact investor sentiment and AAPL's stock price in the short term.
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