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EU Slaps Meta With €798 Million Fine
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.
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 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.
Yahoo
7h
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 ...
Barron's
6h
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 ...
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