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Meta fined €798m over 'unfair' Facebook Marketplace

The European Union says the tech giant crowded out rivals, breaching competition law.

The European Commission said this meant alternative classified ads services had faced "unfair trading conditions", making it harder for them to compete. Meta has not previously faced a fine from the EU over competition rules - though it was told to pay €110m in 2017 for not handing over correct information when it purchased WhatsApp. And it also had to pay a comparatively tiny £50m in 2021, when the UK's Competition and Markets Authority (CMA) accused it of deliberately breaking rules over its attempt to acquire Gif-maker Giphy - and ultimately demanded it sell the company altogether.

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