The European Union has fined Apple and Meta a combined €700 million ($797 million) in the first enforcement of its landmark digital competition law.

Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.

Apple and Meta have been ordered to pay a combined Euros 700 million ($799 million) in fines by the European Union, the first issued by antitrust regulators under new sanctions brought in to curtail the dominance of Big Tech.