Unfair competition practices
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Spanish court orders Meta to pay $550 mln to digital media companies
Reutersยท 2025-11-20 09:34
Core Point - A Spanish court has mandated that Meta pay 479 million euros ($551.76 million) to Spanish digital media outlets due to unfair competition practices and infringement of EU digital regulations [1] Group 1: Financial Implications - The total amount ordered for payment is 479 million euros, equivalent to approximately $551.76 million [1] Group 2: Legal Context - The ruling is based on findings of unfair competition practices by Meta against Spanish digital media outlets [1] - The case highlights ongoing regulatory scrutiny of large tech companies in the European Union [1]