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

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EU fines Meta $840 million for 'abusive' Facebook ad practices

Brussels, Belgium — The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace. The European Commission said the US tech titan also abused its dominant position by imposing unfair trading conditions on other

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The European Commission has imposed a fine of almost 800 million euros on Facebook's parent company Meta. The Brussels authority cited competition violations in the online classifieds market as the reason.

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Meta Fined $840 Million Over 'Abusive Practices' on Facebook Marketplace

The European Commission, the primary governing body of the European Union, has fined Meta, the company that was Facebook and technically is Facebook but now has a different name that isn’t Facebook, a staggering $840 million for breaching European Union antitrust laws. The EU says the social media giant unfairly promoted its classified ad service, Facebook Marketplace. The commission says that Meta unlawfully linked Facebook with Marketplace, gi…

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EU fines Meta $1.3 billion over Facebook's classified ads

Meta is expected to appeal a $A1.3 billion fine over abusive practices benefiting its classified ads on Facebook Marketplace.

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EU fines Meta $1.4b for ‘abusive practices’ on Facebook Marketplace

The European Commission fined Meta €798 million ($1.4b) Thursday over allegations that it unlawfully used its signature social media platform to power its...

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Meta hit with $840 million EU fine over antitrust concerns - Washington Examiner

The European Commission, the executive arm of the European Union, has hit Meta, the company that owns Facebook, Instagram, and Threads, with a fine worth $840 million for what it classifies as an antitrust violation. The fine amounts to €797.72 million, or more than $840 million, and was issued by the commission for “imposing unfair trading conditions on other online classified ads service providers,” according to a press release. The fine was p…