EU fines Meta over abusive practices ...News

The tech giant has been ordered to pay over $800 million for breaching the bloc’s antitrust rules The European Commission has fined Meta Platforms a total of €797 million ($842 million) over what it has described as abusive practices that allegedly benefitted Facebook Marketplace, which Meta owns and operates. In a statement published on Thursday, the EC claimed that Meta had breached the EU’s antitrust rules “by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers.” In its rul

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EU fines Meta over abusive practices ...News

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