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Meta Fined $843 Million by EU
EU Fines Meta $840 Million Over Classified Ads Business
An EU commission alleged that Meta leveraged its dominance in social networking to gain an unfair advantage in online classified ads.
Meta Fined $840 Million in Europe for Boosting Marketplace Unfairly
Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service.
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 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.
European Commission Fines Meta for Serving Consumers
If advertisers don’t want to give data to Facebook Marketplace, they shouldn’t advertise on Facebook.
Meta fined 798 million euros ($846m) for breaking EU antitrust rules
The European Union has hit technology giant Meta with a fine just shy of 800 million euros for what it called “abusive practices” involving its Facebook Marketplace online classified ads business. The EU’s European Commission issued the fine of 797.
Meta Fined $843 Million by EU Over Marketplace Ads
The Facebook owner said it would appeal the fine imposed by the EU’s antitrust watchdog for allegations it illegally tied its Marketplace classified ads platform to its flagship social network.
EU Fines Meta $843M For Tying Marketplace to Facebook, Harming Competitors
Meta Platforms has been fined 797.72 million euros ($843.31 million) by European regulators over alleged harm to other classified marketplace providers in Europe caused by attaching its Marketplace product to Facebook,
EU slaps Meta with €797 million fine for breaching antitrust rules
The European Commission slapped a €797, 72 million fine on Facebook’s owner Meta for abusing its dominant position in the market for personal social networks on Thursday, for preferencing its online classified ads service Facebook Marketplace.
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8h
Meta’s Meltdown: German Court Ruling Threatens Massive Payouts Over Data Breach
Meta faces potential claims from German users after a court ruling on a 2021 data breach affecting 500 million users ...
7d
Meta Unveils Less-Tailored Ads to Allay EU’s Worries
Meta Platforms Inc. is rolling back targeted ads for European users in a bid to address European Union concerns over the ...
KSL
4d
EU slaps Meta with $841M fine for engaging in 'abusive' Marketplace practices
LONDON —
European
Union
regulators issued their first antitrust fine to Facebook parent
Meta
on Thursday with a penalty ...
13h
India restricts WhatsApp’s sharing of data with other Meta entities, imposes $34 million fine
Tech giants, including Apple and Meta, face new regulatory challenges with India’s proposed EU-like antitrust law. Read more ...
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