Meta Platforms has been fined €797.72 million by the European Commission for allegedly engaging in anti-competitive practices by linking its social network with Facebook Marketplace, effectively granting it an unfair market advantage.
Margrethe Vestager emphasized that Meta's actions provided advantages that other online classified services could not compete with, marking it as a clear violation of EU antitrust laws and underscoring the need for Meta to alter its business practices.
Meta plans to appeal the European Commission's ruling, claiming it fails to demonstrate any competitive harm to rivals or consumers and overlooks the competitive landscape of online classified services in Europe.
This fine is part of a larger trend of regulatory scrutiny on Meta, following its previous record fine of €1.2 billion for data privacy violations, illustrating ongoing concerns over the company’s operational practices within the EU.
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