Meta Platforms Inc is fighting a €798 million ($831 million) European Union fine for allegedly wielding its trove of user data to boost its own Facebook Marketplace service.

Bangkok Post

Bangkok

Thailand

Meta fights €798m EU fine over Facebook Marketplace power

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Stock Exchange of Thailand

Meta says it will fight a $831 million fine levied against the tech giant by the European Union. A company spokesperson told Bloomberg News on Wednesday (Jan. 29) that Meta was appealing the fine. The penalty came after the EU alleged that Meta was tapping into user data to give its Facebook Marketplace service an unfair advantage. As the Bloomberg report noted, the appeal escalates Meta’s ongoing conflict with the EU over its Big Tech crackdown…

PYMNTS.com

Meta to Appeal Against $831 Million EU Antitrust Fine

Tech giant Meta just launched a major appeal against the EU Commission in regards to its findings of anti-trust behavior. Facebook’s parent firm was fined a mega $830M (or €797.72 million to be exact) for breaching anti-trust rules in the region by creating an in-app Facebook Marketplace. This gave it unfair advantages over other related competitors, the EC claims. The news stems from November when the EC proved Facebook had serious market advan…

digitalinformationworld.com

Meta Pushes Back Against EU Ruling That Challenges the Future of Digital Marketplaces

US-based multinational technology corporation Meta has appealed against the USD 831 million EU antitrust fine, made after alleged illicit leverage of user data.

thepaypers.com

Meta to appeal against the USD 831 million EU antitrust fine

Meta has appealed against the European Commission’s decision that it breached EU antitrust rules by incorporating Facebook Marketplace into its app, giving it an unfair advantage over competitors in the online classifieds market. In November, the European Commission imposed a €797.72 million (£698.76 million) fine on Meta for abusing its dominant position by linking Facebook Marketplace to Facebook, thus distorting competition. The fine followed…

Social Samosa

Meta pushes back against €797 million EU antitrust fine

Andreas Mundt has highlighted the need for “entrepreneurial freedom” to boost EU innovation capabilities, rather than unnecessary reforms to competition law.

Meta fights €798m EU fine over Facebook Marketplace power

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