this post was submitted on 04 Mar 2024
735 points (98.9% liked)

Technology

74821 readers
3119 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots


founded 2 years ago
MODERATORS
 

The European Commission has fined Apple over €1.8 billion for abusing its dominant position on the market for the distribution of music streaming apps to iPhone and iPad users (‘iOS users') through its App Store. In particular, the Commission found that Apple applied restrictions on app developers preventing them from informing iOS users about alternative and cheaper music subscription services available outside of the app (‘anti-steering provisions'). This is illegal under EU antitrust rules.

you are viewing a single comment's thread
view the rest of the comments
[–] uis@lemm.ee -4 points 2 years ago (2 children)

1.8 billion? So small? Isn't it even less than budget of smallest member-state?

[–] deur@feddit.nl 4 points 2 years ago (1 children)
[–] uis@lemm.ee 0 points 2 years ago (1 children)

Malta’s budget as I undersand 7 billion euros. Meanwhile crApple’s revenue is 385 billion dollars. 1 billion euros is less than 1% of revenue. At this scale it’s cost of doing business, not a fine.

[–] kattenluik@feddit.nl 1 points 2 years ago

Thank you for pointing out the obvious!

[–] uis@lemm.ee 0 points 2 years ago* (last edited 2 years ago)

It seems yes, it is smaller than smallest budget in EU. Malta's budget as I undersand 7 billion euros. Meanwhile crApple's revenue is 385 billion dollars. 1 billion euros is less than 1% of revenue. At this scale it's cost of doing business, not a fine.