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Meta hit with $840 million fine for linking Facebook and Marketplace
The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.
Meta Hit With $844M Fine Over 'Abusive' Facebook Marketplace Practices
Meta is in hot water in Europe once again. The European Competition Commission issued the Facebook and Instagram parent company with a fine on Thursday to the tune of 798 million euros ($843 million) over "abusive practices.
EU Fines Meta Nearly €800 Million for Facebook Marketplace Practices and Advertising Data Violations
The European Commission has fined Meta €797.72 million after saying the tech giant's Marketplace held an unfair advantage.
EU fines Meta over $840 million for ‘abusive practices’ favoring Facebook Marketplace
Meta received a fine of over $840 million on Wednesday for breaching the European Union’s antitrust rules as it relates to market domination after three years of legal proceedings. The
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.
Europe fines Meta almost $840 million for linking Marketplace to Facebook
Meta was penalized by the EU for tying Facebook Marketplace to its social network, and for imposing unfair trading conditions on competitors.
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 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 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 €797M over Facebook Marketplace’s anti-competitive advertisement model
The European Commission fined Meta $797.72 million euro on Wednesday for abusing its dominant position and breaching EU Antitrust rules. The EU opened these proceedings against Meta in 2021 for the
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.
Meta in the hot seat: Trial looms over Instagram, WhatsApp buys
Meta will be going to trial to defend itself in a years-long antitrust case being levied by the Federal Trade Commission over ...
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Meta fined €798m over 'unfair' Facebook Marketplace
Meta has been fined €798m (£664m) for breaking competition law by embedding Facebook Marketplace within its social ...
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EU Fines Meta $843M For Tying Marketplace to Facebook, Harming Competitors
Meta is facing a new 797 million euro fine from European regulators, this time over its Facebook Marketplace service. The ...
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US judge rules that Meta needs to face FTC antitrust lawsuit
FTC claims that Meta has a "monopoly" and has “wilfully” maintained that power by purchasing WhatsApp and Instagram.
Inside Facebook's strategy to take on dating apps like Tinder and Bumble
Facebook Dating reported 20% year-over-year growth in users. Here's what it's doing to attract users from competitors.
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Meta founder Mark Zuckerberg has dropped a single with rapper T-Pain - yes, really
Meta co-founder Mark Zuckerberg has released a new single with the rapper T-Pain, and he’s calling himself Z-Pain. Billionaire Zuckerberg is one of the people behind social media platforms like ...
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Meta Offers Less Personalised Ads for EU Users to Appease Regulators
Meta Offers Less Personalised Ads for EU Users to Appease Regulators Your email has been sent The parent company of ...
Meta Platforms Is Making AI Waves. ValueAct Bets $1 Billion.
ValueAct Capital has amassed a $1 billion stake in Facebook and Instagram parent Meta Platforms a validation of the tech ...