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EU Fines Meta Nearly €800 Million for Antitrust Violations

The European Commission has imposed a hefty fine of €797.72 million on Meta, the parent company of Facebook, for breaching antitrust laws. The penalty arises from Meta’s unfair practices linking its Facebook Marketplace with the social networking service, unfairly disadvantaging competitors. This action follows a formal investigation initiated in June 2021 after a complaint was filed in December 2022. The Commission’s decision reflects the severity and duration of Meta’s violations, with the fine designed to deter future infractions. Meta has announced plans to contest the ruling as the EU intensifies scrutiny of major tech platforms.

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