EU Fines Meta Nearly €800 Million for Facebook Marketplace Practices and Advertising Data Violations
The European Commission has fined Meta €797.72 million after saying the tech giant's Marketplace held an unfair advantage.
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. The body said that Meta had engaged in practices benefiting Facebook Marketplace.
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 €800 million for breaking law with Marketplace
Meta has been fined nearly €800 million by Brussels after regulators accused Facebook’s parent company of stifling competition by “tying” its free Marketplace services with the social network.
EU Fines Meta €797.72M Over Facebook Marketplace Antitrust Infringement
The EU Commission has just fined Meta €797.72 million for breaking EU antitrust laws with the way the company operates its Facebook Marketplace platform.
EU Commission fines Meta €797.72 million for Facebook Marketplace antitrust violations
The European Commission on Thursday fined Meta €797.72 million for violating EU antitrust laws. The penalty stems from Meta’s integration of Facebook Marketplace with its social network, Facebook, and its imposition of allegedly unfair terms on other online classified ad providers.
Meta fined nearly €800 million for breaching EU antitrust rules
The European Commission has fined Facebook parent company Meta €797.72 million ($841 million) for breaches of EU competition law benefiting Facebook Marketplace. The antitrust breaches relate to Meta's abuse of its dominant market position on social media networks and in online advertising,
Meta hit with €800m fine by EU for antitrust breach in Facebook Marketplace case
Meta faces a €800m fine from the EU for unfairly linking Facebook Marketplace to its social network, marking the latest antitrust action by regulators against the tech giant.
EU fines Meta $840 million over abusive practices benefiting Facebook Marketplace
Meta said the Commission claimed that Marketplace had the potential to hinder the growth of large incumbent online marketplaces in the EU.
E.U. fines Meta $840 million for ‘abusive practices’ on Facebook Marketplace
European enforcers accused the tech giant of using its popular social network to unfairly advantage its classified-ads business.
Meta Fined $843 Million by EU Over Marketplace Ads Platform
The European Commission said the company tied its classified-ads platform to its flagship social network, undermining competition.
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