EU fines Meta $840 million over abusive practices benefiting Facebook Marketplace
Headline from Voice of America
US tech giant penalized for ‘imposing unfair trading conditions on other online classified ads service providers;’ Meta says it will appeal the decision
Voice of America's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
US tech giant penalized for ‘imposing unfair trading conditions on other online classified ads service providers;’ Meta says it will appeal the decision
European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what they call "abusive practices" involving its Marketplace online classified ads business.
The bloc's executive arm says Facebook users are exposed to the platform's Marketplace service whether they want to be or not, resulting in antitrust violations.
Meta Platforms has been fined 797.72 million euros ($843.31 million) by European regulators over alleged harm to other classified marketplace providers in Europe caused by attaching its Marketplace product to Facebook, while Meta said it plans to appeal the decision.
The European Commission has fined Meta $842 million for antitrust violations related to Facebook Marketplace. It said the company “abused its dominant positions” as a leader in the social networking space.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
