The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.

European enforcers accused the tech giant of using its popular social network to unfairly advantage its classified-ads business.

The European Commission says Facebook's parent company is undermining its rivals by embedding its classified ads platform within the social network.

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.

The executive arm of the European Union isn’t shying away from slapping major tech companies with hefty fines. The European Commission has fined Meta €797.12 million ($842 million) for violating antitrust regulations.

Meta has been fined €798m (£664m) for breaking competition law by embedding Facebook Marketplace within its social network. The European Commission said this meant alternative classified ads services had faced "unfair trading conditions", making it harder for them to compete.

The European Commission’s decision provides no evidence of competitive harm to rivals or any harm to consumers.

Meta Platforms has been fined 797.72 million euros ($843.31 million) by European regulators over alleged harm to other classified marketplace providers in Europe caused by attaching its Marketplace product to Facebook,

EU fines Facebook parent Meta nearly 800 million euros over 'abusive' Marketplace practices. 24/7 coverage of breaking news and live events

Meta, the parent company of social media sites Facebook and Instagram, has been hit with a massive fine over anticompetitive practices.