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Apple stock reaction post EU lawsuit resolution
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Resolution / Starting Odds
Stock price rises • 33%
Stock price falls • 33%
Stock price remains stable • 34%
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Apple Challenges €1.8 Billion ($1.9 Billion) EU Antitrust Fine Over Spotify Complaint Filed on May 21, 2024
May 21, 2024, 10:21 AM
Apple has filed a lawsuit with Europe's General Court to challenge a €1.8 billion ($1.9 billion) fine imposed by the European Commission. The fine, levied in March 2024, accuses Apple of thwarting fair competition from music-streaming rivals, including Spotify. The EU's decision is based on allegations that Apple's App Store rules unfairly disadvantage competing music streaming services. Apple contends that the fine is unjust and is seeking to overturn the decision in court. The lawsuit was filed on May 21, 2024.
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Stock price decreases • 33%
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Increase in stock price • 33%
Decrease in stock price • 33%
No significant change in stock price • 34%
Stock price increases • 33%
Stock price decreases • 33%
No significant change in stock price • 34%
Price increase • 33%
No significant change • 34%
Price decrease • 33%
Increase in Stock Price • 33%
Decrease in Stock Price • 33%
No Significant Change • 33%