What's Going On With Tech Giant Meta's Stock Today?

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The EU competition authority claims Meta misused its dominance by imposing unfair trading conditions on rival online classified ad services that use Facebook or Instagram.

The technology giant is poised to receive its first EU antitrust fine for linking its classified advertisements service, Marketplace, with its Facebook social network, Reuters writes in its exclusive report.

This decision from the European Commission comes more than 18 months after Meta was accused of unfairly bundling the two services together.

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Author / Journalist: Shivani Kumaresan

Category: Technology

Markets: United States

Topics: Tech Stories That Matter XLC Top Stories Benzinga Media Briefs META News General AI Generated

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-25 @ 19:32:07 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 360 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 20 words per sentence (average)

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

Copyright Owner: © Benzinga

News ID: 21777050

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About Benzinga

Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 51 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

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Publication Timezone: GMT +8:00

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Publisher ID: #53

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