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

The Hill - Technology
EU fines Meta over $840 million for ‘abusive practices’ favoring Facebook Marketplace
source : The Hill ( Middle East ) () 198
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 allows Meta to use data generated by other advertisers on Facebook and Instagram to attract customers on Facebook Marketplace. The Hill reached out to Meta for comment. The European Commission ordered Meta to end its conduct and to refrain from repeating similar advertising methods in the future after opening a formal

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