The European Commission fined Meta $840 million for allegedly using its social media platform to unlawfully support its classified ads service, Facebook Marketplace, creating an unfair competitive advantage.
Margrethe Vestager stated that Meta's conduct gave it a "distribution advantage which competitors cannot match," violating E.U. antitrust laws and imposing unfair trading conditions on third parties.
Meta's response argues that the decision overlooks the realities of the European market for online classifieds and erroneously protects larger incumbents from competitive innovation.
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