The European Union has fined Meta €797.7 million (around $840 million) for breaching antitrust rules by tying Facebook to its classified ads service Marketplace.
Almost two years after EU regulators first accused Meta of “abusive practices” that gave the tech giant unfair market advantages, the European Commission has fined Meta €797.7 million . The combination of forcing Facebook users to be exposed to Marketplace and imposing restrictions against third-party classified ads providers on the platform are the two main reasons cited for the fine.
This is illegal under EU antitrust rules.” The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US. “We will appeal the decision,” Meta announced in response to the ruling.
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