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European Commission issues Meta with hefty fine for tying Facebook and Marketplace
The European Commission (EC) is at it again, issuing another hefty fine to a US tech giant. This time it's Meta and the fine is €797.72 million (about $843.1 million).
The reason has to do with Meta basically shoving Marketplace down every Facebook user's throat, whether they wanted it or not. This, the EC states, constitutes imposing unfair trading conditions on other online classified ads service providers.
Basically, the only classified ads you're likely to see on Facebook are from Meta through Marketplace, and that leaves out any possible competitors because of the way it's tied...
https://www.gsmarena.com/european_commission_issues_meta_with_hefty_fine_for_tying_facebook_and_marketplace-news-65330.php
The European Commission (EC) is at it again, issuing another hefty fine to a US tech giant. This time it's Meta and the fine is €797.72 million (about $843.1 million).
The reason has to do with Meta basically shoving Marketplace down every Facebook user's throat, whether they wanted it or not. This, the EC states, constitutes imposing unfair trading conditions on other online classified ads service providers.
Basically, the only classified ads you're likely to see on Facebook are from Meta through Marketplace, and that leaves out any possible competitors because of the way it's tied...
https://www.gsmarena.com/european_commission_issues_meta_with_hefty_fine_for_tying_facebook_and_marketplace-news-65330.php