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Buckets of Rich, Attracting Luck, and Maintaining Balance — with Jesse Itzler
The Prof G Pod with Scott Galloway
Regulation Impact: Apple charged for violating Digital Markets Act
Apple, the first US company charged for breaking the Digital Markets Act in the EU, made it difficult for app developers to direct consumers to alternative options. The regulators may impose a fine equivalent to 10% of Apple's revenue, potentially reaching billions of dollars. This development has led Apple to hold back the rollout of Apple intelligence in the EU. Such regulations highlight the challenges faced in applying consistent regulatory frameworks in capitalist democratic societies without unified action.
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