Meta hit with $840 million fine for linking Facebook and Marketplace

A Facebook logo surrounded by blue dots and white squiggles. Illustration by Nick Barclay / The Verge

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 (around $840 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.

In a statement, the EU’s competition head Margrethe Vestager accused Meta of abu...

Read Entire Article

© 2024 Thiratti. All rights reserved.