- USA
  location (geo:U.S., geo:the United States, geo:USA, geo:United States, org:the United States, geo:US, org:U.S., org:US)
- Brussels
  location
- Meta Platforms
  organisation
- Europeanists
  organisation
- tech
  category
- business
  category

Meta hit with $840 million EU fine over antitrust concerns

The Gazette

Summary

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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
The Independent
88:88
The European Commission, the European Union's executive arm and chief antitrust regulator, imposed the fine of $840 million (797.72 million euro) on the company after a lengthy investigation concluded it abused its market dominance and engaged in anti-competitive practices.
Newsweek
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It accused Meta, which owns social media platform Facebook, of marketplace practices that give its own ad service an undue advantage over competitors.
Aljazeera
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The €798 million antitrust fine is the first for Meta, adding to a €110 million penalty in 2017 for failing to supply correct information during the EU’s merger review of the WhatsApp takeover.
Politico

■ Story #2 ▪

issue 88:88 ▪

35 items ▪

18 sources ▪

updated 88:88

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