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Apple stock response within one month of lawsuit verdict
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Resolution / Starting Odds
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Stock market data and analysis from financial news sources.
Story
Apple Challenges €1.8 Billion Antitrust Fine Over Spotify Complaint
May 21, 2024, 10:22 AM
On May 21, 2024, Apple filed a lawsuit with Europe's General Court to challenge a €1.8 billion antitrust fine imposed by the European Commission over alleged anti-competitive practices in its App Store. The fine, equivalent to $2 billion, stems from complaints by music-streaming rivals, including Spotify, which accused Apple of unfair competition. The European Commission's decision, made in March 2024, claims that Apple’s App Store rules have thwarted fair competition in the music streaming market.
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