EU Fines Meta $840 Million for Unfair Trading on Facebook Marketplace

Published on November 14, 2024

Meta has been fined 797 million euros ($840 million) by the European Commission for “abusive practices” which unfairly benefited Facebook Marketplace. In a statement published on Thursday, the commission said it had fined the U.S. tech giant, “for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers.” Facebook launched Marketplace in 2016. The fine was issued two years after the commission accused Meta of giving its classified ads service Facebook Marketplace an unfair advantage by bundling the two services together....

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