
EU fines Meta over 800 mln USD for breaching EU antitrust rules
China DailyMorning commute traffic streams past the Meta sign outside the headquarters of Facebook parent company Meta Platforms Inc in Mountain View, California, US November 9, 2022. BRUSSELS -- The European Commission on Thursday fined US tech giant Meta 797.72 million euros for breaching European Union antitrust rules and abusing its dominant positions in the markets. for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers," the European Commission said in a press release. It also stated that Meta imposes unfair trading conditions on other online classified ad service providers who advertise on Meta's platforms, including Facebook and Instagram. In December 2022, the Commission accused Meta of distorting competition in the online classified ads market, to which Meta responded in June 2023.
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