Meta Platforms (META) has been fined 797.72 million euros ($843.31 million) by European regulators who accused the company of harming other classified marketplace providers in Europe by attaching its Marketplace product to Facebook. The European Commission ...

The European Commission said the company tied its classified-ads platform to its flagship social network, undermining competition.

The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters.