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Meta slapped with a €798M fine in Europe over anticompetitive Marketplace practices
Meta, the parent of Facebook, Instagram and WhatsApp, has been hit with yet another huge fine in Europe, this time over abusive practices in Facebook
Before TechCrunch, Ingrid worked at paidContent.org, where she was a staff writer, and has in the past also written freelance regularly for other publications such as the Financial Times. The European Commission announced that it would fine it €797.72 million — nearly $840 million — for breaching EU antitrust rules connected to how it ties its online classified ads service, Facebook Marketplace, creating “unfair trading conditions” for other providers of classifieds online. “This decision ignores the realities of the thriving European market for online classified listing services and shields large incumbent companies from a new entrant, Facebook Marketplace, that meets consumer demand in innovative and convenient new ways,” the company said in a statement.
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