From Investing.com: 2024-11-14 11:21:26

The European Commission fined Meta Platforms €797.72 million for antitrust violations related to Facebook Marketplace. Meta plans to appeal but will comply in the meantime. The EU accused Meta of giving Marketplace an unfair advantage by tying it to Facebook, prompting formal proceedings in 2021. Companies face fines up to 10% of global turnover for EU antitrust violations. ($1 = 0.9494 euros)



Read more at Investing.com: EU fines Meta 797 million euros over abusive practices benefiting Facebook Marketplace By Reuters