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EU fines Meta €797 million over abusive practices benefiting Facebook Marketplace

The European Commission fined Meta Platforms €797.72 million ($840.24 million) for abusive practices related to Facebook Marketplace.

Reuters TECH
Published November 14,2024
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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.

Meta said in a statement that it will appeal the decision, adding that the EU has offered no evidence of harm to competitors or consumers.