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Meta, Europe and Facebook
EU fines Meta S$1.13 billion for ‘abusive’ Facebook ad practices
BRUSSELS - The EU fined online giant Meta almost 800 million euros (S$1.13 billion) on Nov 14 for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace.
EU Fines Meta $843M For Tying Marketplace to Facebook, Harming Competitors
Key Takeaways Meta is facing a new 797 million euro fine from European regulators, this time over its Facebook Marketplace service.The European Commission said Thursday that Meta tying Marketplace to Facebook gave the platform an unfair advantage over its European competitors.
Meta Fined $840 Million in Europe for Boosting Marketplace Unfairly
Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service.
Distractify on MSN
9mon
Some Facebook Users Can't Access Marketplace and They Don't Know Why
Since it first introduced its
Marketplace
feature,
Facebook
has become a go-to spot for many who are looking to buy or ...
23h
EU fines Meta €800 million for 'abusive' Facebook ad practices
The European Commission said the US tech titan also abused its dominant position by imposing unfair trading conditions on ...
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