European Union watchdogs fined Apple and Meta hundreds of millions of euros as they stepped up enforcement of the 27-nation bloc’s digital competition rules.

The EU has concerns about Apple’s restrictions impacting App Store developers and Meta’s “pay or consent” advertising model.

The European Commission has fined Apple and Meta 500 million euros ($568 million) and 200 million euros ($227 million), respectively, for violating the Digital Markets Act (DMA). On top of forcing the tech giants to pay steep fines, the commission's proposed remedies would undermine the firms' business models and their ability to serve consumers.