EU slaps Meta with a nearly 800 million euro fine for engaging in ‘abusive’ Marketplace practices
European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business.
EU Fines Meta $843 Million Over Marketplace Classified Ads
European Commission fines Facebook-owner Meta Platforms over allegations it illegally tied its Marketplace classified ads platform to its flagship social network, undermining competition.
EU fines Meta 797 mln euros over abusive practices benefiting Facebook Marketplace
The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters.
Meta fined nearly €800mn for breaking EU law over classified ads practices
Facebook is undermining rivals by ‘tying’ its free Marketplace services with the social network, Brussels says
Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance
Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to its sprawling social network, the US tech giant’s first ever penalty for EU antitrust violations.
EU fines Meta €797 million over antitrust breaches
The EU Commission fined tech giant Meta for practices favoring Facebook Marketplace that it said violated EU competition law.
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EU slaps Meta with nearly 800 million euro fine for engaging in 'abusive' Marketplace practices
The Commission also raised concerns about Meta’s terms of service, which, they argued, allowed the company to use ad-related ...