EU fines Meta nearly €800 million for 'abusive' practices benefiting Facebook marketplace
Thursday, 14 November 2024 () The European Commission has slapped Meta with a hefty €797.72 million fine for allegedly giving Facebook Marketplace an unfair advantage. Regulators claim Meta forced the service on users and leveraged data from advertisers to stifle competition. Meta denies any wrongdoing, arguing that users aren't forced to use Marketplace and that its success stems from meeting consumer demand.
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... SeattlePI.com
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... SeattlePI.com
Meta Platforms Inc (NASDAQ: META) is in focus after the European Commission fined it a staggering €797.72 million ($840.24 million) over anti-competitive... Invezz
Thursday, 14 November 2024 ()
