Meta Faces $840M Fine for Unfair Marketplace Practices in EU
TL;DR Summary
The European Commission has fined Meta €797.7 million ($840 million) for allegedly abusing its dominant market position by linking Facebook with its Marketplace service and restricting third-party classified ads. The EU claims this practice gave Meta unfair advantages, violating antitrust rules. Meta plans to appeal the decision but will comply in the meantime, arguing that users can choose not to use Marketplace and that the ruling is based on hypothetical competition harm.
- Meta hit with $840 million fine for linking Facebook and Marketplace The Verge
- Meta fined €798m over 'unfair' Facebook Marketplace BBC.com
- Meta fined nearly €800mn for breaking EU law over classified ads practices Financial Times
- Meta Fined $840 Million in Europe for Boosting Marketplace Unfairly The New York Times
- Brussels fines Facebook parent company €800M POLITICO Europe
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