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Meta, Facebook
Meta Hit With $844M Fine Over 'Abusive' Facebook Marketplace Practices
The European Commission says the Facebook parent company is undermining rivals by embedding its classified ads platform within the social network.
Meta hit with $840 million fine for linking Facebook and Marketplace
The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.
E.U. fines Meta $840 million for ‘abusive practices’ on Facebook Marketplace
European enforcers accuse the tech giant of using its popular social network to unfairly advantage its classified ads business.
Barron's
1h
EU Fines Meta $840 Million For 'Abusive' Facebook Ad Practices
The EU fined online giant
Meta
almost 800 million euros on Thursday for breaching antitrust rules by giving users of its ...
1d
Meta will face antitrust trial over Instagram, WhatsApp acquisitions
Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break up over claims ...
1d
Meta to offer Facebook and Instagram users in Europe less personalized ads after pressure from regulators
Data from all of a user's previous time spent on Facebook or Instagram, which is typically combined to precisely target an ...
2d
ValueAct Takes $1 Billion Passive Stake in Meta
ValueAct Capital Management has taken a $1 billion stake in Facebook parent Meta Platforms Inc., according to a person ...
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