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Meta Platforms fined EUR797m for Facebook Marketplace abuse, EU watchdog says

( November 14, 2024, 13:30 GMT | Official Statement) -- MLex Summary: Meta Platforms has been fined 797.72 million euros for distorting competition in the market for online classified ads, the European Commission said today. By "tying" Facebook Marketplace into the Facebook social media feed, Meta gave its own service a "substantial distribution advantage" as compared with rival services. Meta was also fined for "imposing unfair trading conditions" on other rival online classified ads service providers who advertised on its platforms. Statement follows. ...

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