EU fines Meta $840 million over abusive practices benefiting Facebook Marketplace

Brussels —  The European Commission on Thursday fined Meta Platforms $840.24 million over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters. “The European Commission has fined Meta … for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers,” the European Commission said. Meta said it will appeal the decision, but in the meantime, it will comply and will work quickly and constructively to launch a solution which addresses the

Read Full Article