The European Commission has fined Meta 797.72 million Euros for breaches of EU competition law, citing the unfair advantage Facebook Marketplace gained from its link to the Facebook platform.
Meta was found to have unilaterally imposed unfair trading conditions on other classified ads services, allowing it to leverage ad-related data from competitors for the benefit of Facebook Marketplace.
The ruling emphasizes that while market dominance isn't illegal, companies like Meta must not abuse their powerful position to suppress competition in the marketplace.
The Commission stated that consumers on Facebook were often inundated with Marketplace options, regardless of their intent, highlighting the substantial advantage it held over rival classified ad services.
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