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Facebook, Meta
Meta hit with $840 million fine for linking Facebook and Marketplace
The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.
Meta Hit With $844M Fine Over 'Abusive' Facebook Marketplace Practices
Meta is in hot water in Europe once again. The European Competition Commission issued the Facebook and Instagram parent company with a fine on Thursday to the tune of 798 million euros ($843 million) over "abusive practices.
Meta fined €798m over 'unfair' Facebook Marketplace
Meta has been fined €798m (£664m) for breaking competition law by embedding Facebook Marketplace within its social network. The European Commission said this meant alternative classified ads services had faced "unfair trading conditions", making it harder for them to compete.
Yahoo
5h
EU Fines Meta $843M For Tying Marketplace to Facebook, Harming Competitors
Meta
is facing a new 797 million euro fine from European regulators, this time over its
Facebook
Marketplace service. The ...
Barron's
3h
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 ...
1d
Meta will face antitrust trial over Instagram, WhatsApp acquisitions
Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break-up over claims ...
10h
AI Powers Meta’s Strong Q3 Growth: Profits Soar
Ad revenue reached $39.9 billion, increasing 19% YoY, boosted by AI-driven ad targeting and improved ad impressions.
1d
Inside Facebook's strategy to take on dating apps like Tinder and Bumble
Facebook Dating reported 20% year-over-year growth in users. Here's what it's doing to attract users from competitors.
19h
Meta Offers Less Personalised Ads for EU Users to Appease Regulators
Personalised advertising boosts revenue for companies, Meta said in a press release. It referenced an in-house study showing ...
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