EU fines Meta over $840 million for ‘abusive practices’ favoring Facebook Marketplace

By The Hill | Created at 2024-11-16 21:16:03 | Updated at 2024-11-16 23:47:16 2 hours ago

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 multinational company was penalized for tying its online classified ads service Facebook Marketplace to its personal social network Facebook according to the release. The feature…

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