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Tech Giants Face Antitrust Challenges
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Apple and Amazon are facing legal challenges in the UK and Spain over collusion and price-fixing allegations. Apple has been fined $161.4 million by Spain's antitrust watchdog for restrictions on resellers and advertising space, while both companies are facing damages lawsuits in the UK seeking compensation of at least £500 million. Apple has won a motion to delay a legal requirement that would have forced the company to allow third-party payments on its App Store.
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How might these legal challenges impact the reputation and market dominance of Apple and Amazon?
In what ways do these legal battles reflect broader concerns about market power and monopolies in the tech industry?
What measures can tech giants like Apple and Amazon take to ensure fair competition and avoid antitrust fines?
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