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flag EU plans to fine tech giants Apple and Meta under new Digital Markets Act to encourage compliance.

flag The European Commission is set to impose modest fines on Apple and Meta for alleged violations of the Digital Markets Act (DMA), which became law in 2023. flag The DMA aims to foster competition by regulating tech giants. flag While potential fines could reach up to 10% of global annual sales, the EU is focusing on compliance, not punitive measures. flag The exact amounts and final decision are pending.

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