E.U. fines Meta $840 million for ‘abusive practices’ on Facebook Marketplace
European enforcers accused the tech giant of using its popular social network to unfairly advantage its classified-ads business.
EU fines Meta 797 mln euros over abusive practices benefiting Facebook Marketplace
The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters.
EU fines Facebook owner Meta $840 million over abusive practices
STORY: The EU hit Facebook owner Meta with a huge fine on Thursday (November 14) for breaching antitrust rules. The tech giant must pay just over $840 million for abusive practices that benefited its online classified ads service Facebook Marketplace.
EU slaps Meta with a nearly 800 million euro fine for engaging in ‘abusive’ Marketplace practices
European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business.
Meta Hit With $844M Fine Over 'Abusive' Facebook Marketplace Practices
The European Commission says Facebook's parent company is undermining its rivals by embedding its classified ads platform within the social network.
EU fines Facebook parent Meta nearly 800 million euros over 'abusive' Marketplace practices
EU fines Facebook parent Meta nearly 800 million euros over 'abusive' Marketplace practices. 24/7 coverage of breaking news and live events
EU Smacks Meta With $840M Fine Alleging Abusive Practices To Prop Up Facebook
The European Commission is levying a hefty $840 miilion fine on Meta after finding the company abused its market position.
EU Fines Meta $840 Million For 'Abusive' Facebook Ad Practices
The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace.
EU fines Meta 797 million euros over 'abusive' practices benefiting Facebook Marketplace
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 points raised
EU fines Meta $840 million over abusive practices benefiting Facebook Marketplace
Meta said the Commission claimed that Marketplace had the potential to hinder the growth of large incumbent online marketplaces in the EU.
EU Fines Meta $840 Million For Breaching Antitrust Rules
Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst joins Bloomberg intelligence to discuss Meta being fined by the EU over classified ads dominance. (Source: Bloomberg)
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EU slaps Meta with $841M fine for engaging in 'abusive' Marketplace practices
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EU fines Meta $840 million for 'abusive practices' benefitting Facebook Marketplace
The European Union has fined Meta Platforms $840 million regarding what it called abusive practices benefitting Facebook ...