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EU Slaps Meta With €798 Million Fine

Newsweek on MSN · 21h

EU Fines Meta $840 Million Over Classified Ads Business

An EU commission alleged that Meta leveraged its dominance in social networking to gain an unfair advantage in online classified ads.

Bloomberg on MSN · 1d

Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance

Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to the social network, the US tech giant’s first ever penalty for EU antitrust violations.

EU fines Meta 797 mln euros over abusive practices benefiting Facebook Marketplace

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.

2d

Meta to offer Facebook and Instagram users in Europe less personalized ads after pressure from regulators

Data from all of a user's previous time spent on Facebook or Instagram, which is typically combined to precisely target an ...

3d

Meta Unveils Less-Tailored Ads to Allay EU’s Worries

Meta Platforms Inc. is rolling back ad targeting for European users in a bid to address European Union concerns over the ...

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