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$840 million fine on Meta for violating competition rules

$840 million fine on Meta for violating competition rules

The statement stated:European Commission A fine was imposed on dead…for violating EU antitrust rules by linking its online classifieds service (Facebook Marketplace) to its personal social network Facebook and imposing unfair commercial terms on other online classifieds service providers.”

Meta said that it will appeal against the decision, but at the same time, it will comply and work quickly and constructively to find a solution that addresses the points raised.

In June 2021, the European Union opened a formal investigation into possible anti-competitive behavior by Facebook, and in December 2022, the Union raised concerns about Meta linking its dominant social network Facebook to online classified advertising services.

It launched Facebook Marketplace in 2016 and expanded to several European countries a year later.

The EU ruling insists that Meta imposes Marketplace on people who use Facebook for illegal “linking,” but Meta said that this argument ignores the fact that Facebook users can choose whether or not to interact with Marketplace, and many do not. .



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