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Meta Fined $840 Million For Breaching EU Antitrust Rules (bloomberg.com) 30

The European Union has fined Meta $840 million for unfairly tying its Facebook Marketplace classified ads service to its social network, marking the company's first EU antitrust penalty.

The European Commission ruled Meta must stop bundling Marketplace with Facebook's social platform and cease imposing unfair conditions on competing classified ads services. Regulators found Meta exploited Facebook's massive user base to disadvantage rivals and used competitors' advertising data to enhance Marketplace.

EU antitrust chief Margrethe Vestager said Meta "tied its online classified ads service Facebook Marketplace to its personal social network Facebook and imposed unfair trading conditions on other online classified ads service providers."

Meta Fined $840 Million For Breaching EU Antitrust Rules

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  • by Anonymous Coward
    Some of these fines seem quite large. Large enough to show up in quarterly earnings.. I hear about them being imposed all the time, but I never hear about them actually being paid.
    • by Luckyo ( 1726890 )

      Under current Commission, not really. Under Kroes (previous relevant Commissioner) they did. Because Kroes was a corporate shark that hired her team on merit. Lots of white heterosexual men who were utterly superb at knowing details of law, and how to argue in court. And they were terrifying in court, and corporate side started to learn how to settle with them rather than try to fight it in courts when Kroes term as a Commissioner ran out.

      Vestager, her replacement for the Commissioner post is the exact oppo

  • Useless fines (Score:5, Insightful)

    by iAmWaySmarterThanYou ( 10095012 ) on Thursday November 14, 2024 @09:17AM (#64945235)

    We are way past small fines for these trillion dollar companies.

    Be it FB, MS, G, etc, just break them up. Enough is enough. These fines will not change their behavior.

  • I'm all about cracking down on abusive monopolies that have gone on long enough BUT, ebay + poshmark + letgo + craigslist and they think Facebook is unfairly competing? And a website that allows people to make posts also allows you to make posts for items for sale. OH NO, totally unrelated product and illegal oligopoly or whatever. I think they just wanted money. This is a very, very big stretch this time. Compare this to anything Microsoft has done with any of their products in the last 8 years and you hav

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