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Meta to Appeal EC Decision in Facebook Marketplace Antitrust Case
METAMeta Platforms(META) PYMNTS.com·2024-11-14 16:26

Meta said Thursday (Nov. 14) that it will appeal the European Commission’s (EC) decision in a case alleging practices involving Facebook and Facebook Marketplace that cause competitive harm.The EC announced Wednesday (Nov. 13) that it fined Meta 797.72 million euros (about $842 million), saying the company violated European Union (EU) antitrust rules by tying Facebook Marketplace to Facebook.The EC found that Meta gave its online classified ads service a substantial advantage over its competitors by automat ...