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

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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