The European Commission fined Meta $840 million for abusing its dominant market position by unfairly linking Facebook Marketplace to Facebook, violating EU antitrust rules. This decision, following a two-year investigation, concludes that Meta leveraged its social network to give Marketplace an unfair advantage over competitors. Meta plans to appeal the ruling but will comply while developing a solution. The fine represents a significant portion of Meta’s global revenue, reflecting the seriousness of the antitrust violation.
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The recent news of the EU imposing a €1.8bn fine on Apple over App Store restrictions on music streaming has certainly caught my attention. The fine amount being one of the heftiest ones seen, it speaks volumes about the seriousness with which the EU treats antitrust issues in the tech world. Margrethe Vestager’s comment about a smaller fine being equivalent to a mere parking ticket truly puts things into perspective. It’s refreshing to see authorities taking a stand against corporate giants like Apple, who often seem untouchable.
The issue at hand revolves around Apple Music facing restrictions in the App Store, particularly related to Spotify’s ability to advertise to users subscribing outside of iOS in-app purchases.… Continue reading
John Q. Hosedrinker