Meta was fined $840 million.

According to EU competition director Margrethe Vestager, linking Facebook to Marketplace allowed Meta to profit while imposing unfair trading conditions on other suppliers.

The EU's antitrust investigation into Meta began in 2019, following allegations from rivals that Meta was abusing its dominance by offering free services while profiting from the data it collected on its platform.

Meta was fined $840 million.

In December 2022, the European Commission filed initial charges against Facebook for using data collected free of charge—primarily from businesses—to sell advertising to users, which it deemed a violation of antitrust laws.

The European Commission has determined that Meta dominates the personal social media market... as well as the national online display advertising market.

Launched in 2016, Facebook Marketplace is a popular platform for buying and selling used goods, especially household items like furniture. Meta argues that their operating environment is highly competitive.

In recent years, Meta has faced billions of dollars in fines in Europe: most recently, a $100 million fine in September related to the leak of user passwords; in January 2023, the company was fined over $400 million, and in May 2023, over $1 billion for violating GDPR data protection regulations.

However, lawsuits often take years to close, and Meta is still in the process of appealing these penalties.

Regarding the nearly $840 million fine imposed by the European Union, Meta stated that it will appeal, pointing out that the European Commission's decision did not provide evidence of competitive harm to competitors or any harm to consumers.

Source: https://kinhtedothi.vn/meta-bi-phat-840-trieu-usd.html