Travel
EU fines Meta $840m for ‘abusive’ practices on Facebook platform
字号+ Author:Smart News Source:Business 2025-01-13 13:19:57 I want to comment(0)
BRUSSELS: The European Union fined online giant Meta almost 800 million euros ($840m) on Thursday for breaching anti-trust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace. The European Commission said the US tech titan also abused its dominant position by imposing unfair trading conditions on other online classified ads service providers that advertise on its platforms. “This is illegal under EU anti-trust rules. Meta must now stop this behaviour,” the bloc’s competition chief, Margrethe Vestager, said in a statement. Meta said it would appeal, alleging the decision ignored “the realities of the thriving European market for online classified listing services. “Facebook users can choose whether or not to engage with Marketplace, and many don’t. The reality is that people use Facebook Marketplace because they want to, not because they have to,” the firm said in a statement. Among the 10 largest antitrust fines ever imposed by the 27-nation European Union, it is the latest in a string of hefty penalties slapped on Big Tech companies in recent years by the commission, the regulator for the bloc. Detailing what it termed “abusive practices” by Meta, the commission said that because Facebook Marketplace was tied to Facebook, the former enjoyed a “substantial distribution advantage which competitors cannot match”. “All Facebook users automatically have access and get regularly exposed to Facebook Marketplace whether they want it or not,” it said. Additionally, Meta imposed unfair conditions on competitors in the classified ads service who advertised on Facebook and Instagram, the commission said.
1.This site adheres to industry standards, and any reposted articles will clearly indicate the author and source;
Related Articles
-
Rocket attack hits near Tel Aviv
2025-01-13 12:07
-
ویسٹ انڈیز 19 سال بعد پہلی ٹیسٹ سیریز کے لیے پاکستان پہنچے
2025-01-13 11:37
-
نیوکاسل کے اساک اور جوئلینٹون نے مانچسٹر یونائیٹڈ کو مسلسل چوتھی شکست سے دوچار کیا۔
2025-01-13 10:55
-
میلبورن میں چائے کے وقفے کے بعد آسٹریلیا نے سات وکٹیں لے کر بھارت کو شکست دی
2025-01-13 10:51
User Reviews
Recommended Reads
Hot Information
- PA body for reforming colonial-era laws
- ویسٹ انڈیز 19 سال بعد پہلی ٹیسٹ سیریز کے لیے پاکستان پہنچے
- بھارت اور آسٹریلیا کے درمیان چوتھے ٹیسٹ میچ میں ایم سی جی کی شرکت کا ریکارڈ ٹوٹ گیا۔
- ویسٹ انڈیز نے پاکستان کے خلاف ٹیسٹ سیریز کے لیے 15 رکنی اسکواڈ کا اعلان کر دیا ہے۔
- Armed woman loots house in Islamabad
- بھارت اور آسٹریلیا کے درمیان چوتھے ٹیسٹ میچ میں ایم سی جی کی شرکت کا ریکارڈ ٹوٹ گیا۔
- پی ایس بی کے اصلاحات سے پی او اے اور اس سے وابستہ فیڈریشنز کے ردِعمل کا امکان ہے۔
- سنچریون ٹیسٹ: بابر اعظم کی واپسی، پاکستان نے پ്ലینگ الیون کا اعلان کر دیا
- PCB seeks ICC clarification over India’s refusal to send team for Champions Trophy
Abont US
Follow our WhatasApp account to stay updated with the latest exciting content