Meta slapped with a €798M fine in Europe, its biggest yet
Meta slapped with a €798M fine in Europe, its biggest yet
Meta, the parent of Facebook, Instagram and WhatsApp, has been hit with yet another huge fine in Europe, this time over abusive practices in Facebook
Meta, the parent of Facebook, Instagram and WhatsApp, has been hit with yet another huge fine in Europe, this time over abusive practices in Facebook Marketplace. The European Commission announced that it would fine it €797.72 million — nearly $840 million — for breaching EU antitrust rules connected to how it ties its online classified ads service, Facebook Marketplace, creating “unfair trading conditions” for other providers of classifieds online.
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This is the kind of thing that makes me want to move to Europe.