The European Commission issued a penalty of 797.72 million euros to Meta for abusing its dominant Market position in online classified ads, distorting competition.
Margrethe Vestager emphasized that Meta’s practices provided it advantages over competitors, violating EU antitrust rules, and ordered an end to such behavior.
Meta challenged the Commission's findings claiming no 'competitive harm' was proven against rivals, asserting the existence of a thriving market for online classifieds.
Despite acknowledging compliance with the EU order, Meta indicated it would appeal the decision, emphasizing user choice regarding engagement with Marketplace.
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