European regulators fined Meta approximately $840 million, citing that the company abused its dominance by unfairly bundling Facebook Marketplace with its social network to outcompete rivals.
E.U. competition chief Margrethe Vestager stated that Meta's linking of Marketplace to its social network violated antitrust rules, offering advantages others cannot match in the classified ads space.
Meta plans to appeal the E.U. decision, asserting that its Marketplace service was developed in response to consumer demand, not as a method to suppress competition.
Essentially, Meta argues that Facebook users engage with Marketplace by choice, indicating that the platform's success does not stem from unfair advantages or coercive practices.
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