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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.
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
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.
European Commission Fines Meta for Serving Consumers
If advertisers don’t want to give data to Facebook Marketplace, they shouldn’t advertise on Facebook.
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.
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.
Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance
Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to its sprawling social network, the US tech giant’s first ever penalty for EU antitrust violations.
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 issues €797M antitrust fine to Meta over Facebook Marketplace
Launched in 2016, Facebook Marketplace enables users of Meta’s flagship social network to buy and sell goods. The European Commission, the EU’s executive arm, launched a probe into the service in 2021 over concerns it may harm competition. Today’s fine is the culmination of that probe.
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 ...
2h
CCI slaps Rs 213 cr fine on Meta over WhatsApp’s 2021 privacy policy update
In January 2021, WhatsApp had notified users that it was updating its privacy policy – which was mandatory for them to accept ...
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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