EU Fines Meta Nearly €800 Million for Facebook Marketplace Antitrust Breach
The European Commission has imposed a fine of €797.72 million on Meta for violating EU antitrust laws. The penalty stems from the integration of Facebook Marketplace with its social network, creating unfair advantages and limiting competition.
Meta Hit with €798M Fine for Facebook Marketplace Antitrust Violations
The EU fines Meta €798M for antitrust violations, citing unfair competition and tying Facebook Marketplace to the social network.
Meta fined 798 million euros ($846m) for breaking EU antitrust rules
The European Union has hit technology giant Meta with a fine just shy of 800 million euros for what it called “abusive practices” involving its Facebook Marketplace online classified ads business. The EU’s European Commission issued the fine of 797.
Meta Hit With $841 Million EU Fine Over Antitrust Violations Tied To Facebook Marketplace
Meta Platforms fined €797.72 million by EU for violating antitrust laws and abusing dominant market position with Facebook Marketplace.
Meta Fined Nearly $841 Million by EU Over Antitrust Breaches Related to Marketplace
Meta Platforms, the parent company of Facebook, has been hit with a nearly $841 million fine by the European Union for what regulators have labeled as "abusive practices" connected to its Marketplace classified ads business.
Meta Fined €797M by EU for Antitrust Violations, Facebook Marketplace Under Fire
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EU issues €797M antitrust fine to Meta over Facebook Marketplace
Launched in 2016, Facebook Marketplace enables users of Meta’s flagship social network to buy and sell goods. The European Commission, the EU’s executive arm, launched a probe into the service in 2021 over concerns it may harm competition. Today’s fine is the culmination of that probe.
Meta fined €798m by EU in antitrust case over ads
Meta has been fined €798m by the European Commission, the first anti-trust penalty levied by the EU against the owner of Facebook and Instagram.
Meta Hit with €798 Million Fine in Europe for Facebook Marketplace Antitrust Violations
Meta, the parent company of Facebook, has been slapped with a hefty €798 million fine. This penalty, as announced by the European Commission, stems from allegations that Meta engaged in practices deemed 'unfair' through its integration of the Facebook Marketplace into its social networking platform.
E.U. fines Meta $840 million for abusive practices on Facebook Marketplace
European enforcers accuse the tech giant of using its popular social network to unfairly advantage its classified ads business.
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
Former DOJ antitrust lawyer Makan Delrahim angling for new role under Trump — but sources label him a ‘Google shill’
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Meta ordered to face FTC’s antitrust lawsuit over Instagram, WhatsApp acquisitions
A trial date in the case has not been set. The case is one of five blockbuster lawsuits where antitrust regulators at the ...