EU fines Meta nearly €800 million for ‘abusive’ practices benefiting Facebook marketplace – Times of India
The European Commission on Thursday fined Meta nearly €800 million for breaching antitrust rules by giving Facebook users automatic access to Facebook Marketplace, benefiting the platform through “abusive practices”.The €797.72 million ($840.24 million) penalty follows a prolonged investigation, which concluded that Meta had abused its dominant market position and engaged in anti-competitive conduct.What the European…