European Union regulators have levied a record fine of nearly 800 million euros on Meta, citing abusive practices in its Marketplace operation that distort competition.
The European Commission concluded that Meta improperly tied its online classified ads to its social network, compelling users into Marketplace access and excluding rivals.
Meta defended its practices, arguing that the ruling does not demonstrate any competitive harm and fails to reflect the dynamics of the European classified advertising market.
Brussels reported that Meta's use of ad data from competitors to enhance its Marketplace offerings raised significant concerns about unfair trade conditions.
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