KEY TAKEAWAYS The European Union fined Apple and Meta Platforms hundreds of millions of dollars for breaching its Digital Markets Act.The DMA came into place early last year with the aim of ensuring big tech players don't dominate Europe’s digital market.

Apple and Meta have been slapped with a combined fine of $800 million by the European Union (EU) antitrust regulators over violations of the Digital Market Act (DMA).

Apple faces a €500 million fine for breaching the regulation’s rules for app stores, while Meta drew a penalty of €200 million for its "pay or consent" advertising model, which requires that European Union users pay to access ad-free versions of Facebook and Instagram.