EU fines Meta €800 million for breaking law with Marketplace
EU: Tying the free Facebook Marketplace to the social network undermines rivals.
Meta has been fined nearly 800 million euros ($844.6 million) by Brussels after regulators accused Facebook’s parent company of stifling competition by “tying” its free Marketplace services with the social network.
Margrethe Vestager, the EU’s outgoing competition chief, said on Thursday that by linking Facebook with its classified ads service Meta had “imposed unfair trading conditions” on other providers.
She added: “It did so to benefit its own service Facebook Marketplace, thereby giving it advantages that [others] could not match. This is illegal.”
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