The European Commission issued a 797.72 million euro fine against Meta for abusing its dominant position in the classified ads market, marking a significant antitrust action.
Margrethe Vestager highlighted that Meta's unfair practices 'distorted competition' by tying its Marketplace ads to Facebook, giving it advantages over rivals.
Meta countered the ruling, stating that it fails to demonstrate any harm to competition, and users can choose whether to engage with Marketplace.
This action follows a trend of EU regulators imposing hefty fines on Big Tech firms, signaling a crackdown on anti-competitive behaviors in the digital market.
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