Author: Jon Porter
Illustration by Alex Castro / The Verge
The Dutch competition regulator, the Authority for Consumers and Markets (ACM), has fined Apple €5 million (around $5.6 million) for failing to let dating app developers use third-party payment methods, the ACM has announced. The regulator says that Apple will continue to be fined €5 million a week until it properly complies with the order, which was publicly issued on December 24th.
With a market cap of well over $2 trillion and revenues last quarter of $83.4 billion, Apple’s bottom line is unlikely to be impacted by these €5 million fines. But the Dutch regulator’s actions, like South Korea’s before it, could embolden others to take action against Apple’s App Store policies, as well as Google’s which are also being scrutinized.
Apple...
Continue reading…
Continue reading...
Illustration by Alex Castro / The Verge
The Dutch competition regulator, the Authority for Consumers and Markets (ACM), has fined Apple €5 million (around $5.6 million) for failing to let dating app developers use third-party payment methods, the ACM has announced. The regulator says that Apple will continue to be fined €5 million a week until it properly complies with the order, which was publicly issued on December 24th.
With a market cap of well over $2 trillion and revenues last quarter of $83.4 billion, Apple’s bottom line is unlikely to be impacted by these €5 million fines. But the Dutch regulator’s actions, like South Korea’s before it, could embolden others to take action against Apple’s App Store policies, as well as Google’s which are also being scrutinized.
Apple...
Continue reading…
Continue reading...