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Stock impact report

Italy antitrust agency fines Apple $116 million for abusing dominance with privacy feature [Yahoo! Finance Canada]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Apple abused its dominant position with its App Tracking Transparency policy, which forces apps to obtain permission before collecting data to target users with personalized ads, the authority said in a statement. The company rolled out ATT starting in April 2021 as part of an update to the operating system powering the iPhone and iPad. While the feature was designed to tighten up privacy, it faced criticism from Big Tech rivals that it would make it harder for smaller apps to survive without charging consumers. The authority didn't criticize the policy per se, but the fact that the Apple system requires third-party app makers to ask users for consent twice in order to comply with Europe's strict privacy rules. “As a result, such double consent requirement is harmful to developers, whose business model relies on the sale of advertising space, as well as to advertisers and advertising intermediation platforms,” the authority said. The authority said that the double consent req Show less Read more
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