Meta to show rival ads providers on Marketplace after EU antitrust fine

Meta's response to €798 million antitrust fine

"This new program is another step in our efforts to quickly and constructively build a solution to respond to the European Commission’s decision on Facebook Marketplace."

Meta to show rival ads providers on Marketplace after EU antitrust fine

BRUSSELS :Meta Platforms will allow rival classified ads service providers to list ads on Facebook Marketplace, the company said on Thursday, three months after it was hit with a 797-million-euro ($828 million) EU antitrust fine for giving its own service an unfair advantage.The European Commission in its dec

Meta responds to a record EU antitrust penalty of 798 million euros by opening its Facebook Marketplace to competing classified ads providers. So far, the EU Commission has criticised the close link between Facebook and the Marketplace, as it significantly penalizes competitors. From now on, external classified ads platforms can place their ads for a fee in the Facebook Marketplace. According to media reports, pricing should be based on the numb…

Meta Platforms To Allow Rival Classified Ads Service Providers to Post Listings on Facebook Marketplace

In a shocking turn of events, Meta Platforms has given permission to rival classified ad service providers the chance to publish listings of ads on the Facebook Marketplace. The firm shared the news yesterday, which is exactly three months after it was slammed with a staggering 797M euro antitrust fine. This was regarding providing services at an unfair advantage.The EC said the American tech giant rolled out the most unfair trading clauses on r…

Meta to Show Rival Ads Providers on Facebook Marketplace After EU Fine

Meta Platforms will allow rival classified ads service providers to post listings of their ads on Facebook Marketplace, the company said on Thursday, three months after it was hit with a 797-million euro ($828 million or roughly Rs. 7,185 crore) EU antitrust fine for giving its own service an unfair advantage.The European Commission in its decision in November said the US tech giant had imposed unfair trading conditions on its rivals and had als…

channelnews : Meta Allows Rivals To Advertise On Facebook Marketplace

Meta has reluctantly opened its Facebook Marketplace platform to classified ads rivals after regulators imposed a A$1.32 billion fine on the company. It will allow classified ad firms in Europe to pay to place their listings on Facebook Marketplace in order to comply with an EU antitrust order. The cost will be based on the...