Meta tied its online classified ads service Facebook Marketplace to its personal social network Facebook and imposed unfair trading conditions on other online classified ads service providers, according to EU antitrust chief, Margrethe Vestager.
The fine is likely to be one of the final acts for Vestager, who is set to leave her post before the end of the year. Over the past decade, she has been one of Silicon Valley's toughest critics.
Meta vowed to appeal the decision at the bloc's courts, stating the penalty 'ignores the realities of the thriving European market' and 'shields large incumbent companies.'
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