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 Inc. (AAPL) and Meta Platforms Inc. (META) are among the first Big Tech companies to face scrutiny by the European Commission under the Digital Markets Act. While Apple has been hit with a $570 million fine,

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.