The EU fines Meta €797.72 million for linking Facebook with Marketplace, deemed anticompetitive.

The European Union has fined Meta, the parent company of Facebook, €797.72 million for violating antitrust rules by linking Facebook with its Marketplace service, which automatically exposes users to classified ads. The EU claims this practice distorts competition. Meta disputes the claims, arguing there's no evidence of harm to rivals or consumers, and plans to appeal.

November 14, 2024
142 Articles