Meta Platforms Inc is reportedly facing a significant fine from the EU for allegedly trying to dominate the classified advertising market. According to the Financial Times, regulators will argue that Facebook’s parent company uses its free Marketplace services in conjunction with its social media platform to gain an unfair advantage over its competitors.
The EU's decision, anticipated as soon as next month, could be one of the last actions overseen by Margrethe Vestager, the outgoing competition chief. This development signals a critical step in the EU's efforts to regulate major tech firms and prevent anti-competitive practices.
[
Collection
]
[
|
...
]