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Meta Hit With $841 Million EU Fine Over Antitrust Violations Tied To Facebook Marketplace

Benzinga LogoBenzinga11h ago

Meta Hit With $841 Million EU Fine Over Antitrust Violations Tied To Facebook Marketplace - Benzinga

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The Commission also identified that Meta imposed unfair trading conditions on competing online classified ad providers, leveraging data from Facebook and Instagram ads to benefit its Marketplace service.

The penalty follows an investigation into Meta's conduct, which found that the company abused its dominant market position by linking its classified ads service, Facebook Marketplace, with its primary social media network, Facebook.

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Meta Hit With $841 Million EU Fine Over Antitrust Violations Tied To Facebook Marketplace - Benzinga (Picture 1)

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Article Details

Author / Journalist: Anusuya Lahiri

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-14 @ 17:32:59 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 568 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23589808

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 29 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #53

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