this post was submitted on 18 Feb 2024
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EU to hit Apple with €500m fine over antitrust music streaming complaint from Spotify (www.imore.com)
submitted 6 months ago by Renn@sh.itjust.works to c/technology@lemmy.world
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[–] Mataresian@lemmy.dbzer0.com 2 points 6 months ago

I am also wondering where that amount comes from. Though I do not think it should be based on profit. A company can also be unprofitable on purpose in a region in order to destroy the competition an gain market share. Then after conquering the market they increase the prices again.

In this case I suppose it also be difficult to quantify the fine. Of course the duration of the anti-competitive behaviour should also be taken into consideration and apples low willingness to better itself. Is there any article explaining the 500m euro?