After weeks of speculation, the European Commission finally announced its Digital Markets Act fines against Apple and Meta tallying €700 million. Apple has been slapped with a €500 million fine while Meta faces a €200 million fine. Both US companies have their international headquarters in Ireland. Much has been debated about what the fines would actually be in terms of figures and whether the sanctions would inflame trade tensions between the EU and the US. While the sums levied on Apple and Meta are significant – they are the first fines implemented under the Digital Markets Act – they are…

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