Meta hit with $840 million EU fine for Facebook Marketplace ads antitrust breach
Briefly

The EU fined Meta nearly 800 million euros for violating antitrust rules by providing automatic access to Facebook Marketplace, giving it an unfair advantage over rivals.
The European Commission stated that Facebook Marketplace's tie to Facebook allows it to gain a 'substantial distribution advantage' over competitors, leading to unfair trading conditions.
Meta plans to appeal the decision, arguing that the ruling ignored the competitive realities of the European market for online classified listing services.
Meta emphasized that Facebook users engage with Marketplace voluntarily, contesting the claim that automatic access forces them to use the service.
Read at Fortune Europe
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