Meta Fined €798 Million for Antitrust Violations Related to Facebook Marketplace
The European Commission has imposed a €798 million fine on Meta for violating competition laws by integrating Facebook Marketplace into its platform, which allegedly created unfair conditions for competing classified ad services. The Commission mandated Meta to cease these practices, citing that Facebook’s actions hindered rivals and provided its Marketplace with an unfair advantage. Meta intends to appeal, claiming the findings lack evidence of harm to competitors or consumers, asserting that the ruling protects established players in the market rather than promoting competition.