European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business.
Farm Share distributes food to the community through its network of soup kitchens, food pantries, homeless shelters, churches, and senior centers across Florida.
The European Commission, the 27-nation bloc's executive branch and top antitrust enforcer, issued the 797.72 million euro penalty after itsof distorting competition by tying its online classified ad business to its social network, automatically exposing Facebook users to Marketplace “whether they want it or not" and shutting out competitors.
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EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practicesEuropean Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business. The European Commission, the 27-nation bloc’s executive branch and top antitrust enforcer, issued the 797.
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EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practicesEuropean Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business.
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EU slaps Meta with nearly 800M euro fine for 'abusive' Marketplace practicesEuropean Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business
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