Meta said it would appeal. Read more at straitstimes.com.

The Straits Times

Singapore

EU fines Meta S$1.13 billion for ‘abusive’ Facebook ad practices

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Singapore Press Holdings

European Commission says US tech titan abused dominant position by imposing unfair trading conditions.

Dawn

Dawn Media Group

Pakistan

EU fines Meta $840m for ‘abusive’ practices on Facebook platform

Meta is being slapped with an $840 million fine by the European Commission after finding that the company had violated antitrust rules and is in breach of Article 102 of the Treaty on the Functioning of the European Union. These findings stem from proceedings the Commission opened back in 2021, as it investigated whether or not Meta was abusing

HotHardware

EU Smacks Meta With $840M Fine Alleging Abusive Practices To Prop Up Facebook

The European Commission is imposing a heavy financial penalty on Meta, Facebook‘s parent company, citing anti-competitive practices associated with its Marketplace service. Meta faces a fine of approximately 797.72 million euros (~$841 million) following an inquiry by the European Union’s executive branch, which serves as the primary antitrust authority within the 27-member bloc.The investigation concluded that Meta had abused its market dominan…

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The National Pulse

EU Fines Meta Nearly One Billion for Abusive Facebook Marketplace Practices.

(Credit: Unsplash) This article is brought to you in association with the European Commission.  The European Commission has fined Meta €797.72 million for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers. The infringement Meta is a US multinational technology company. Its f…

The European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, Busine

The European Sting is Your democratic, independent and top quality political newspaper specialized in European Union News. Unique Features: iSting & Harry StingThe European Sting - Critical News & Insights on European Politics, Economy, Foreign Affairs, B

New Delhi: The European Union has slapped a hefty fine of $843 million on Meta, the company behind Facebook, for its practices related to its Marketplace classified ads service.  The EU found that Meta was using its dominance in the social media market to unfairly boost its own Marketplace service. This was done by automatically including Marketplace within the Facebook platform, exposing all users to it, whether they wanted to see ads or not.  …

www.bestmediaifo.com

EU fines Meta $843 million over marketplace practices

The European Union (EU) fined Meta, the parent company of Facebook, $840 million this week. The fine is substantial after the EU said it found Meta had broken competition laws by practicing Facebook Marketplace, the social networking giant’s classified advertising arm. European regulators say that Meta’s combining Facebook Marketplace with its social networking platform gave it an unfair advantage over its competitors classified ad services. Ple…

thetechbasic.com

Meta Fined $840M by EU for Facebook Marketplace Practices

The European Commission fined Meta Platforms more than $840 million for practices that favored Facebook Marketplace in violation of antitrust rules.

EU fines Meta S$1.13 billion for ‘abusive’ Facebook ad practices

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