The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters.
Meta, the parent company of social networking site Facebook, has faced calls to do more about financial scams on its platforms.€797.72 million over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters.
Meta said it will appeal the decision, but in the meantime, it will comply and will work quickly and constructively to launch a solution which addresses the points raised.
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