The European Commission, the executive arm of the European Union, has hit Meta, with a fine worth $840 million for what it classifies as an antitrust violation.
One of the Biden administration’s most significant impacts on U.S. technology and innovation has been its aggressive shift in antitrust enforcement, with Big Tech companies its most prominent target.
Launched in 2016, Facebook Marketplace enables users of Meta’s flagship social network to buy and sell goods. The European ...
European Union regulators have charged Meta with giving itself an unfair advantage by bundling Marketplace into Facebook’s wider social network. Meta has vowed to appeal the ruling. Eva Galperin talks ...
Meta, the parent company of Facebook, has been fined nearly 798 million euros (U.S. $841 million) by the European Commission ...
Meta Platforms has been fined 797.72 million euros ($843.31 million) by European regulators over alleged harm to other ...
Meta must now stop this behaviour," the bloc's competition ... Among the 10 largest antitrust fines ever imposed by the ...
Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social ...
Meta Platforms, the parent company of Facebook, has been hit with a nearly $841 million fine by the European Union for what ...
The European Commission is levying a hefty $840 miilion fine on Meta after finding the company abused its market position.
The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its ...
The European Commission fined Meta a staggering €797.72 million today. Was it a show of EU's retaliation against the expected ...