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Meta hit with $840 million fine for linking Facebook and Marketplace
The EU says the fine level was set to deter repeat offenses.
The combination of forcing Facebook users to be exposed to Marketplace and imposing restrictions against third-party classified ads providers on the platform are the two main reasons cited for the fine. In a statement, the EU’s competition head Margrethe Vestager accused Meta of abusing its dominant position in the social media market “to benefit its own service Facebook Marketplace, thereby giving it advantages that other online classified ads service providers could not match. “In the meantime, we will comply, and will work quickly and constructively to launch a solution which addresses the points raised.” In its response, Meta says that the EU’s decision ignores that Facebook users can opt not to engage with the Marketplace service and that the case rests on a “hypothetical potential to harm competition.”
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