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Meta Fined €797M by EU
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.
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.
EU fines Meta $842 million in a Facebook Marketplace antitrust case
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.
Barron's
12h
EU Fines Meta $840 Million For 'Abusive' Facebook Ad Practices
The reality is that people use
Facebook
Marketplace
because they want to, not because they have to," the firm said in a ...
KSL
11h
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 ...
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