EU fines Meta 797 million euros | DD India

Описание: The European Commission has fined Meta Platforms 797 million euros ($84.2 million) for anti-competitive practices related to its Facebook Marketplace. The fine stems from accusations that Meta unfairly benefited its classified ad service by bundling it with Facebook, giving it an undue advantage. The European Union began investigating the matter in June 2021 and raised concerns in December 2022 regarding Meta’s dominance in both social networking and online classifieds. Meta has expressed its intent to appeal the decision but has committed to addressing the issues raised by the commission

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