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Meta, Facebook
EU fines Facebook owner Meta $840 million over abusive practices
STORY: The EU hit Facebook owner Meta with a huge fine on Thursday (November 14) for breaching antitrust rules. The tech giant must pay just over $840 million for abusive practices that benefited its online classified ads service Facebook Marketplace.
Meta hit with $840 million fine for linking Facebook and Marketplace
The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.
E.U. fines Meta $840 million for ‘abusive practices’ on Facebook Marketplace
European enforcers accused the tech giant of using its popular social network to unfairly advantage its classified-ads business.
Yahoo
5h
EU Fines Meta $843M For Tying Marketplace to Facebook, Harming Competitors
Meta
is facing a new 797 million euro fine from European regulators, this time over its
Facebook
Marketplace service. The ...
SiliconRepublic
13h
US judge rules that Meta needs to face FTC antitrust lawsuit
FTC claims that Meta has a "monopoly" and has “wilfully” maintained that power by purchasing WhatsApp and Instagram.
1d
Meta will face antitrust trial over Instagram, WhatsApp acquisitions
Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break up over claims ...
1d
Inside Facebook's strategy to take on dating apps like Tinder and Bumble
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2d
Meta to offer Facebook and Instagram users in Europe less personalized ads after pressure from regulators
Data from all of a user's previous time spent on Facebook or Instagram, which is typically combined to precisely target an ...
Indy 100 on MSN
14h
Meta founder Mark Zuckerberg has dropped a single with rapper T-Pain - yes, really
Meta co-founder Mark Zuckerberg has released a new single with the rapper T-Pain, and he’s calling himself Z-Pain. Billionaire Zuckerberg is one of the people behind social media platforms like ...
1d
Meta Platforms Is Making AI Waves. ValueAct Bets $1 Billion.
ValueAct Capital has amassed a $1 billion stake in Facebook and Instagram parent Meta Platforms a validation of the tech ...
Startup Daily
1d
Facebook’s parent company, Meta, wins ‘Shonky’ award for not tackling scam ads
Scam ads are lucrative for scammers, but the money they steal from vulnerable people is also delivering plenty of cash to ...
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