Today, we have fined Apple and Meta for breaching the Digital Markets Act.

Apple restricts developers from informing customers about offers outside the App Store, while Meta doesn’t give consumers the choice of a service that uses less of their personal data.

Read more: https://europa.eu/!9RDQmk

@EUCommission You fine them to pay money. The one thing both companies have a lot of. How about fining them about to stop doing business within the #eu? THAT would be a game changer, right?! ... ;-)
@andreas_heitmann @EUCommission absolutely right, where do these companies get their money from? from us. so it‘s the public paying these fines.
@speedmaus @andreas_heitmann @EUCommission No, not really. This impacts directly on the company's Profit and Loss account.
Less profit for them, less money for investors. Customers are not impacted as the company does not adjust the price of products following the fine (as it would after trade tariffs are imposed).
@mikkaels @andreas_heitmann @EUCommission Yes on this end it‘s less money for investors. And still, the reason why these companies make money in the first place is because apple sells hardwear to us and meta is farming our time and attention. So we are paying. We already did. The purchases from all of us over the past two centuries are what made these companies.
@speedmaus @andreas_heitmann @EUCommission This is all good but it has nothing to do with EU fines.