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EU Slaps Meta With €798 Million Fine

The Register on MSN · 28m

EU stings Meta for nearly a billion bucks over competition-trampling Facebook Marketplace

Mark Z does not like this The European Union has fined Facebook parent Meta €797.72 million ($843 million) for antitrust violations connected to its online classified service Facebook Marketplace. … The European Commission levied the punishment after years of investigations into the tying of Marketplace to Facebook accounts and unfair trading conditions on competing online classified ad services.

The New York Times · 13h

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.

The Associated Press on MSN · 16h

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.

KSL11h

EU slaps Meta with $841M fine for engaging in 'abusive' Marketplace practices

LONDON — European Union regulators issued their first antitrust fine to Facebook parent Meta on Thursday with a penalty ...

EU Fines Meta $840 Million For 'Abusive' Facebook Ad Practices

Meta must now stop this behaviour," the bloc's competition ... Among the 10 largest antitrust fines ever imposed by the ...

14h

EU fines Meta €800 million: is Trump’s election victory sparking trade tensions?

The European Commission fined Meta a staggering €797.72 million today. Was it a show of EU's retaliation against the expected ...

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