Meta Fined €797 Million for Abusing Dominant Position in EU Market
1 months ago
The European Commission fined Meta €797.72 million for breaching EU antitrust rules by tying Facebook Marketplace to Facebook and imposing unfair trading conditions on other online classified ads service providers. Meta abused its dominant position in personal social networks and online display advertising, giving Facebook Marketplace an unfair advantage. The fine was based on the duration and gravity of the infringement and Meta's turnover.