00:00These fines follow a roughly 13-month investigation.
00:03The European Commission are saying that both Meta and Apple violated the Digital Markets Act.
00:09Meta fined $228 million over its consent or pay advertising model.
00:16Apple fined $571 million.
00:20The Commission saying they failed to inform users about offers outside of Apple's App Store.
00:26Apple and Meta have said this ruling is unfair.
00:29Apple say they will contest it in court.
00:32Both sides have 60 days to comply.
00:36The European Commission says that should this go to court,
00:39they are confident in their investigation, confident they will win.
00:43The Trump administration, amidst growing trade tensions between the EU and Washington,
00:49has previously said that any penalties on American tech firms would be met with retaliation.
00:54So all eyes will be on how the Trump administration will now respond.
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