EU Expected to Fine Meta Up to $1 Billion for Antitrust Violations

The European Union is preparing to impose a significant fine on Meta, the parent company of Facebook and Instagram, for alleged violations of its antitrust regulations, potentially exceeding $1 billion. This enforcement action is part of a broader investigation into Meta's compliance with the Digital Markets Act (DMA), which was enacted in 2023 to prevent monopolistic practices among major tech firms. The European Commission is expected to announce its findings soon, including a 'cease-and-desist' notice outlining necessary compliance changes for Meta. The scrutiny of Meta's new 'pay or consent' advertising model has raised concerns among EU officials, as it reportedly coerces users into sharing personal data. Alongside Meta, Apple is also facing scrutiny, with potential penalties expected in the coming weeks. This crackdown on Big Tech highlights ongoing efforts by the EU to ensure fair competition within the digital market.