Workflow
EU Fines Meta $843M For Tying Marketplace to Facebook, Harming Competitors
METAMeta Platforms(META) Investopedia·2024-11-14 17:45

Key TakeawaysMeta is facing a new 797 million euro fine from European regulators, this time over its Facebook Marketplace service.The European Commission said Thursday that Meta tying Marketplace to Facebook gave the platform an unfair advantage over its European competitors.Meta said it will appeal the decision, and said it "ignores the market realities" of Europe's competitive classifieds market. Meta Platforms (META) has been fined 797.72 million euros ($843.31 million) by European regulators who accused ...