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The EU fines the company Meta with almost 800 million euros for 'abusive' practices
2024-11-14 17:37:21 / BOTA
The European Commission fined Meta, the company that owns Facebook, 797.72 million euros on Thursday for abusive practices that benefited Facebook's online marketplace, known as Marketplace.
"The European Commission fined Meta... for breaching EU rules by linking its online classifieds service, Facebook Marketplace, to its personal social network, Facebook, and imposing unfair commercial terms on the services other online classified ads," the European Commission said.
Meta announced that it will appeal against this decision, but in the meantime, it will cooperate and work without wasting time to find solutions to address the issues raised.
The European Commission's decision comes two years after it accused the US tech giant of giving unfair advantage to its classified ads service, Facebook Marketplace, by merging the two services.
The European Union launched a formal investigation into suspected anti-competitive behavior by Facebook in June 2021. In December 2022, the EU raised concerns that Meta linked its dominant social network, Facebook, to its online services for classified ads.
Facebook launched the online marketplace Marketplace in 2016 and expanded it to several European countries a year later.
The EU argues that Meta imposes Facebook Marketplace on people who use Facebook with an illegal "connection," but Meta said that argument ignores the fact that Facebook users can choose whether to go to Marketplace. , and many of them don't.
Meta said the European Commission claimed that Marketplace has the potential to hinder the growth of large new online marketplaces in the EU, but found no evidence that it harms competitors./REL
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