Tag: #Meta #EURegulators #Antitrust #DigitalMarketsAct #FacebookMarketplace

Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance

In a landmark decision that underscores heightened regulatory scrutiny of major tech firms, Meta Platforms Inc. has been fined €798 million (approximately $841 million) by European Union regulators. This penalty marks Meta’s first antitrust violation ruling in Europe, centering on unfair practices related to its Facebook Marketplace tied to its more extensive social networking features. […]

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