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EU Slaps Meta With €798 Million Fine
EU fines Facebook owner Meta $840 million over abusive practices
STORY: The EU hit Facebook owner Meta with a huge fine on Thursday (November 14) for breaching antitrust rules. The tech giant must pay just over $840 million for abusive practices that benefited its online classified ads service Facebook Marketplace.
EU Fines Meta $840 Million Over Classified Ads Business
An EU commission alleged that Meta leveraged its dominance in social networking to gain an unfair advantage in online classified ads.
Meta hit with $840 million EU fine over antitrust concerns
The European Commission, the executive arm of the European Union, has hit Meta, the company that owns Facebook, Instagram, and Threads, with a fine worth $840 million for what it classifies as an antitrust violation.
Barron's
6h
EU Fines Meta $840 Million For 'Abusive' Facebook Ad Practices
The
EU
fined online giant
Meta
almost 800 million euros on Thursday for breaching antitrust rules by giving users of its ...
Channel NewsAsia Singapore
23m
EU fines Meta 797 million euros over abusive practices benefiting Facebook Marketplace
"The European Commission has fined
Meta
... for breaching
EU
antitrust rules by tying its online classified ads service ...
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