EU slaps Meta with a nearly 800 million euro fine for engaging in ...

2 days ago · European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online …

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Meta Fined Nearly $1.2B For 'abusive' Marketplace Practices: EU

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2 days ago · EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices. European Union regulators issued their first antitrust fine to Facebook …

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Meta Fined €798 Million By EU Over Abusing Classified Ads …

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2 days ago · Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to the social network, the US tech giant’s …

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EU Fines Meta €797.72-million Over Abusive Practices Benefiting ...

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2 days ago · The European Commission on Thursday fined Meta Platforms META-Q €797.72-million ($840.24-million) over abusive practices benefiting Facebook Marketplace, it said in a …

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Europe Fines Meta $840 Million Over ‘abusive’ Practices Benefiting ...

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2 days ago · The European Union has fined Meta Platforms €798 million ($840 million) over what it called abusive practices benefiting Facebook Marketplace. CNN values your feedback 1.

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Meta Hit With $840 Million Fine For Linking Facebook And Marketplace

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2 days ago · Almost two years after EU regulators first accused Meta of “abusive practices” that gave the tech giant unfair market advantages, the European Commission has fined Meta …

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EU Fines Meta $800 Million For ‘abusive Practices’ On Facebook ...

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2 days ago · The European Commission fined Meta $840 million Thursday over allegations that it unlawfully used its signature social media platform to power its classified-ads service, …

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Meta Fined $840 Million Over 'Abusive' Facebook Marketplace …

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2 days ago · News of the nearly $1 billion fine comes as no surprise to Meta as they were fully expecting the recent probe to result in a fine. Meta has been catching flak from all angles in …

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Subscribe To Read - Financial Times

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2 days ago · Meta fined nearly €800mn for breaking EU law over classified ads practices ... The Financial Times and its journalism are subject to a self-regulation regime under the FT …

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EU Fines Meta $840 Million Over Abusive Practices Benefiting …

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2 days ago · The European Commission on Thursday fined Meta Platforms $840.24 million over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an …

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FAQs about EU slaps Meta with a nearly 800 million euro fine for engaging in ... Coupon?

Is meta a 'abusive' marketplace?

EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business ...

Why did the European Commission fine meta platforms?

BRUSSELS, Nov 14 (Reuters) - The European Commission on Thursday fined Meta Platforms (META.O) €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters. ...

How much does EU antitrust fine a company?

Companies risk fines of as much as 10% of their global turnover for EU antitrust violations. The European Union has fined Meta Platforms €798 million ($840 million) over what it called abusive practices benefiting Facebook Marketplace. ...

Did meta breach EU antitrust rules?

"The European Commission has fined Meta ... for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers," the European Commission said. ...

Why did Meta get a fine?

Meta’s fine comes at a period of political transition both in the EU and the US. Brussels officials have been aggressive both in their rhetoric and their antitrust probes against Big Tech giants as they sought to open markets for local start-ups. ...

Will Meta appeal a €797-72mn fine imposed by regulators?

Meta said it would appeal against the €797.72mn fine levied by regulators. “We built Marketplace in response to consumer demand — this decision ignores the market realities, and will only serve to protect incumbent marketplaces from competition.” ...