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EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices

  • The European Union fined Meta nearly 800 million euros for engaging in abusive practices in its Marketplace classified ads business, according to the European Commission.
  • The investigation found that Meta abused its dominant position, distorting competition by tying its service to Facebook users.
  • Meta plans to comply with the order but also intends to appeal the decision, as stated by the company.
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