The European Commission says Facebook's parent company is undermining its rivals by embedding its classified ads platform within the social network.

CNET

Meta Hit With $844M Fine Over 'Abusive' Facebook Marketplace Practices

The European Commission has slapped Meta with a hefty €797.72 million fine for allegedly giving Facebook Marketplace an unfair advantage. Regulators claim Meta forced the service on users and leveraged data from advertisers to stifle competition. Meta denies any wrongdoing, arguing that users aren't forced to use Marketplace and that its success stems from meeting consumer demand.

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Times of India

India

EU fines Meta nearly €800 million for 'abusive' practices benefiting Facebook marketplace

The European Union says the tech giant crowded out rivals, breaching competition law.

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BBC News

United Kingdom

Meta fined €798m over 'unfair' Facebook Marketplace

The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace. The European Commission said the US tech titan also abused its dominant position by imposing unfair trading conditions on other online classified ads service providers that advertise on its platforms. "This is illegal under EU antitrust ru…

NDTV

Meta Fined $840 Million For "Abusive" Facebook Ad 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

ABC News

EU slaps Meta with nearly 800M euro fine for 'abusive' Marketplace practices

The European Commission fined Meta €798 million ($1.4b) Thursday over allegations that it unlawfully used its signature social media platform to power its...

NZ Herald

EU fines Meta $1.4 billion for ‘abusive practices’ on Facebook Marketplace

LONDON -- 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.

Meta Hit With $844M Fine Over 'Abusive' Facebook Marketplace Practices

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