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EU fines Meta EUR 798m over Facebook Marketplace competition concerns

By Josh White

Date: Thursday 14 Nov 2024

(Sharecast News) - The European Union has imposed a €797.72m fine on Facebook's parent company Meta Platforms, it emerged on Thursday, after a detailed investigation into its Marketplace online classifieds business.

According to the Independent, the significant penalty from the European Commission was based on findings that Meta abused its...

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