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Apple hit with $2 billion EU antitrust fine in Spotify case Below excerpt article reported by Chee. F. Y. (2024, March 5). Apple hit with $2 billion EU antitrust fine in Spotify case. Reuters "The European Commission charged Apple last year with preventing Swedish streaming service Spotify (SPOT.N) and others from informing users of payment options outside its App Store, following a 2019 complaint by Spotify." "Brussels on Monday fined Apple (AAPL.O) tab 1.84 billion euros ($2 billion) for thwarting competition from music streaming rivals via restrictions on its App Store, the iPhone maker's first ever penalty for breaching EU rules." "Apple shares were down 3.2% at $173.88 on Monday afternoon." To read full article, click here Photo by Laurenz Heymann on Unsplash Legal Disclaimer: INFYNIT is providing the content here for educational purposes only. All opinions are of the original author and not an opinion of INFYNIT or any of its affiliates. For INFYNIT Premium Members see the full News Report>>here #GlobalNews #Apple #Spotify #Payment