Meta fined 798 million euros ($846m) for breaking EU antitrust rules

Posted under: Online Security
Date: 2024-11-15
Meta fined 798 million euros ($846m) for breaking EU antitrust rules

The European Union has hit technology giant Meta with a fine just shy of 800 million euros for what it called “abusive practices” involving its Facebook Marketplace online classified ads business. The EU’s European Commission issued the fine of 797.72 million euros ($846.13m). It accused Meta, which owns social media platform Facebook, of marketplace practices that give its own ad service an undue advantage over competitors.

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