The European Union is about to hit Apple Inc.
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with a ban on App Store rules that govern music streaming competitors like Spotify Technology
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and a potential hefty fine in the regulator’s latest attempt to thwart the power and reach of Big Tech. A Bloomberg report The EU’s looming antitrust order on Wednesday would prohibit Apple’s practice of blocking music services from diverting their users from the App Store to other subscription options. Regulators are also considering a fine of up to 10% of Apple’s annual revenue. Apple was not immediately available for comment on the report.
