EU Slaps Meta with $840 Million Fine for Exploitative Marketplace Practices
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.
John Q. Hosedrinker