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Facebook, Meta
Meta hit with $840 million fine for linking Facebook and Marketplace
The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.
Meta Hit With $844M Fine Over 'Abusive' Facebook Marketplace Practices
Meta is in hot water in Europe once again. The European Competition Commission issued the Facebook and Instagram parent company with a fine on Thursday to the tune of 798 million euros ($843 million) over "abusive practices.
EU fines Meta over $840 million for ‘abusive practices’ favoring Facebook Marketplace
Meta received a fine of over $840 million on Wednesday for breaching the European Union’s antitrust rules as it relates to market domination after three years of legal proceedings. The
EU Hits Meta With a €798 Million Fine for Anti-competitive Practices in Facebook Marketplace
The EU has handed Meta a €798 million fine for allegedly tying Facebook Marketplace with Facebook, giving it an undue advantage.
European Commission Fines Meta for Serving Consumers
The commission opened its investigation of Meta in June 2021, inquiring into the company's collection of Facebook user data, which allows it to target consumers on Marketplace. (Such data collection was responsible for more than 99 percent of Meta's $133 billion revenue in 2023,
EU Fines Meta Nearly €800 Million for Facebook Marketplace Practices and Advertising Data Violations
The European Commission has fined Meta €797.72 million after saying the tech giant's Marketplace held an unfair advantage.
Europe fines Meta almost $840 million for linking Marketplace to Facebook
Meta was penalized by the EU for tying Facebook Marketplace to its social network, and for imposing unfair trading conditions on competitors.
E.U. fines Meta $840 million for ‘abusive practices’ on Facebook Marketplace
European enforcers accused the tech giant of using its popular social network to unfairly advantage its classified-ads business.
Meta fined €798m over 'unfair' Facebook Marketplace
The European Union says the tech giant crowded out rivals, breaching competition law.
EU fines Meta $840 million over abusive practices benefiting Facebook Marketplace
Meta said the Commission claimed that Marketplace had the potential to hinder the growth of large incumbent online marketplaces in the EU.
EU fines Meta €797M over Facebook Marketplace’s anti-competitive advertisement model
The European Commission fined Meta $797.72 million euro on Wednesday for abusing its dominant position and breaching EU Antitrust rules. The EU opened these proceedings against Meta in 2021 for the
4h
Facebook users affected by data breach eligible for compensation, German court says
A German court said on Monday that Facebook users whose data was illegally obtained in 2018 and 2019 were eligible for ...
3h
Meta Loses German Court Fight Over Global Data Leak in 2021
Meta Platforms Inc. risks being on the hook for compensation claims from thousands of German users after it lost a top court ...
2h
on MSN
Meta brings certain AI features to Ray-Ban Meta glasses in Europe
Meta is bringing certain AI features to its Meta Ray-Ban AR glasses in France, Italy, and Spain after a brief delay.
22h
Meta in the hot seat: Trial looms over Instagram, WhatsApp buys
Meta will be going to trial to defend itself in a years-long antitrust case being levied by the Federal Trade Commission over ...
SiliconRepublic
4d
US judge rules that Meta needs to face FTC antitrust lawsuit
FTC claims that Meta has a "monopoly" and has “wilfully” maintained that power by purchasing WhatsApp and Instagram.
4d
Inside Facebook's strategy to take on dating apps like Tinder and Bumble
Facebook Dating reported 20% year-over-year growth in users. Here's what it's doing to attract users from competitors.
Indy 100 on MSN
4d
Meta founder Mark Zuckerberg has dropped a single with rapper T-Pain - yes, really
Meta co-founder Mark Zuckerberg has released a new single with the rapper T-Pain, and he’s calling himself Z-Pain. Billionaire Zuckerberg is one of the people behind social media platforms like ...
TechRepublic
4d
Meta Offers Less Personalised Ads for EU Users to Appease Regulators
Meta
Offers Less Personalised Ads for EU Users to Appease Regulators Your email has been sent The parent company of ...
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