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Meta receives $840m fine from EU regulators for ‘unfair market competition practices’

Phone in hand with meta logo in background
Photo: Cheng Xin/Getty Images

Hameed Shuja

1 min read
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Regulators say Meta is abusing its market position by tying its ads services to Facebook.

European regulators have fined Meta, the parent company of Facebook, €798m ($840m) for abusing its position and taking unfair advantage over competitors in its online ads service Facebook Marketplace.

“The European Commission has fined Meta €797.72 million for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal

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