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EU Slaps Meta With €798 Million Fine

SiliconANGLE · 13h

EU issues €797M antitrust fine to Meta over Facebook Marketplace

Launched in 2016, Facebook Marketplace enables users of Meta’s flagship social network to buy and sell goods. The European Commission, the EU’s executive arm, launched a probe into the service in 2021 over concerns it may harm competition. Today’s fine is the culmination of that probe.

Investopedia on MSN · 17h

EU Fines Meta $843M For Tying Marketplace to Facebook, Harming Competitors

Meta Platforms has been fined 797.72 million euros ($843.31 million) by European regulators over alleged harm to other classified marketplace providers in Europe caused by attaching its Marketplace product to Facebook,

EU fines Meta 797 mln euros over abusive practices benefiting Facebook Marketplace

The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters.

Meta must face antitrust trial by FTC

USA TODAY on MSN · 1d

Meta will face antitrust trial over Instagram, WhatsApp acquisitions

Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break-up over claims that it bought Instagram and WhatsApp to crush emerging competition in social media,

The Washington Post · 1d

FTC antitrust case against Meta can move to trial, court rules

A federal judge ruled Wednesday that a Federal Trade Commission lawsuit accusing Facebook owner Meta of holding an illegal monopoly over social media can proceed to trial, handing the agency a victory after previous setbacks in making its case in court.

Bloomberg on MSN · 1d

Meta Must Face Trial After Judge Pares Some FTC Claims

Meta Platforms Inc. will face a somewhat scaled-back antitrust trial over its alleged dominance of social networking after a federal judge threw out some allegations by the US Federal Trade Commission,

Digital information world2h

Meta Confirms Facebook Will Switch To Views As Its Main Focus Metric

Meta confirms Facebook shifts to Views as a main focus, simplifying metrics for content performance evaluation.

Politico Europe15h

Brussels fines Facebook parent company €800M

The company's actions aimed "to benefit its own service Facebook Marketplace, thereby giving it advantages that other online ...

21h

Meta's data centers in Gallatin are up and running

"Gallatin has been such an ideal location for Meta," said Brad Davis, Meta's director of community and economic development, ...

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