The Register

Meta fined €798M by EU for Marketplace antitrust violations

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The European Union has imposed a €798 million ($840 million) fine on Meta Platforms, accusing the company of unfairly promoting its Facebook Marketplace by tying it to the popular social network Facebook and setting restrictive terms for other online classified ad services. “The European Commission has fined Meta for violating EU antitrust rules by linking its Facebook Marketplace with its social networking platform and imposing unfair condition…

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EU Fines Meta $798 Million Over Alleged Abuse of Market Power in Facebook Marketplace

The European Commission fines Meta nearly EUR 798 million for non-compliance with antitrust rules. Brussels penalizes Meta for tying its ad service to Facebook and imposing unfair conditions on other providers.

Thailand News

EU fines Meta nearly €798 million for Facebook ad antitrust infringement

Meta Platforms has been fined €797.72 million (£663 million) by the European Commission over alleged anti-competitive practices involving Facebook Marketplace. The European Union regulator ruled that Meta breached competition laws by linking its social network with Facebook Marketplace, giving it an unfair advantage over rival online classified services. Margrethe Vestager, the European Commission’s executive vice-president for competition polic…

Business Matters

Meta hit with €800m fine by EU for antitrust breach in Facebook Marketplace case

The EU Commission has just fined Meta €797.72 million for breaking EU antitrust laws with the way the company operates its Facebook Marketplace platform. The post EU Fines Meta €797.72M Over Facebook Marketplace Antitrust Infringement appeared first on Thurrott.com.

thurrott.com

EU Fines Meta €797.72M Over Facebook Marketplace Antitrust Infringement

The European Commission announced it has imposed a fine of €797.72 million or $840.24 million on Meta Platforms for allegedly abusing its market position to benefit Facebook Marketplace, an online classified ads service. Meta Quest Pro VR headset According to the Commission, Meta breached EU antitrust rules by linking its classified ads service, Facebook Marketplace, with its social networking platform, Facebook. This practice, the Commission st…

Meta fined €798M by EU for Marketplace antitrust violations

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