In a groundbreaking move, the European Union has fined tech giants Apple and Meta (formerly known as Facebook) for violating competition laws. The fines, which amount to billions of dollars, come as a result of an investigation into the companies' anti-competitive practices.

The EU's decision to penalize Apple and Meta underscores the growing scrutiny that big tech companies face in terms of their market dominance and impact on consumers. The penalties are the latest in a series of measures taken by regulators around the world to reign in the power of tech giants.

Apple and Meta have been accused of engaging in practices that stifle competition and harm consumers. The fines imposed by the EU serve as a warning to other tech companies that may be engaging in similar practices.

Both Apple and Meta have indicated that they plan to appeal the fines, arguing that they have not violated any laws. However, the EU's decision is a clear indication that regulators are willing to take a stand against tech companies that abuse their power in the market.

The fines levied against Apple and Meta are a significant development that could have far-reaching implications for the tech industry as a whole.