Social media refers to digital platforms and applications for the creation, sharing, and exchange of user-generated content, ideas, and information. These platforms connect people, enabling them to interact, communicate, and build online communities. Popular social media sites include Facebook, X (Twitter), Instagram, LinkedIn, and TikTok, among others. Social media companies leverage their large user bases for potential advertising revenue, data-driven analytics, global marketing reach, and their role in driving digital innovation and social transformation.
The Technology industry in the USA reports to the White House: The fines against Apple and Meta by the EU are a form of disguised taxation!
① The European Union announced on Wednesday that it has imposed a total fine of approximately $0.798 billion on Apple and Meta for violating the Digital Markets Act; ② although the fine amount is lower than the provisions of the law, the USA Technology industry still expresses dissatisfaction, viewing it as an escalation of trade conflict; ③ Meta executives stated that the fine is equivalent to being charged tens of billions of dollars in tariffs.
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