meta platforms european union news

EU Slaps Meta With €798 Million Fine

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.

Bloomberg on MSN · 18h

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 the social network, the US tech giant’s first ever penalty for EU antitrust violations.

kahawatungu · 57m

EU Fines Meta $798 Million Over Alleged Abuse of Market Power in Facebook Marketplace

The European Union has imposed a €798 million ($840 million) fine on Meta Platforms, accusing the company of unfairly promoting its Facebook Marketplace by tying it to the popular social network Facebook and setting restrictive terms for other online classified ad services.

Hosted on MSN11m

Meta is hit with £664million EU fine

This gave the site a 'substantial distribution advantage' which other classified ad platforms could not match. The ruling, which claimed Meta had breached EU competition ... The case dates back to ...

Meta Unveils Less-Tailored Ads to Allay EU’s Worries

Meta Platforms Inc. is rolling back ad targeting for European users in a bid to address European Union concerns over the ...

Barron's14h

EU Fines Meta $840 Million For 'Abusive' Facebook Ad Practices

Among the 10 largest antitrust fines ever imposed by the 27-nation European Union, it is the latest in ... Facebook and ...

16h

EU fines Meta €800 million: is Trump’s election victory sparking trade tensions?

The European Commission fined Meta a staggering €797.72 million today. Was it a show of EU's retaliation against the expected ...

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