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| EU fines Meta $842 million in a Facebook Marketplace antitrust case The executive arm of the European Union isn’t shying away from slapping major tech companies with hefty fines. The European Commission has fined Meta €797.12 million ($842 million) for violating antitrust regulations. The EC says that by tying Facebook Marketplace to Facebook and “imposing unfair trading conditions on other online classified ads service providers,” Meta “abused its dominant positions" in the social networking space. Regulators determined that all Facebook users are “... Read the full article on Engadget »    |
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EU fines Meta $842 million in a Facebook Marketplace an...