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Meta, Facebook and European Union
EU issues €797M antitrust fine to Meta over Facebook Marketplace
Launched in 2016, Facebook Marketplace enables users of Meta’s flagship social network to buy and sell goods. The European Commission, the EU’s executive arm, launched a probe into the service in 2021 over concerns it may harm competition. Today’s fine is the culmination of that probe.
Meta Hit with €800M EU Fine for Facebook Marketplace Push
Meta Platforms Inc., the company behind Facebook and Instagram, has been fined €797.72 million by the European Commission for anti-competitive practices linked to its integration of Facebook Marketplace.
EU fines Meta $840 million over abusive practices benefiting Facebook Marketplace
Meta said the Commission claimed that Marketplace had the potential to hinder the growth of large incumbent online marketplaces in the EU.
9d
on MSN
Supreme Court questions risk disclosure arguments in Facebook case
The Supreme Court appeared skeptical that companies should be required to include past events in their risk disclosure ...
BBC
11mon
Facebook changes its name to Meta in major rebrand
Facebook
has changed its corporate name to Meta as part of a major rebrand. The
company
said it would better "encompass" what it does, as it broadens its reach beyond social media into areas like ...
15d
on MSN
Microsoft Hires Engineer Who Kept Facebook Data Centers Humming
Microsoft Corp., which is struggling to bring data centers online fast enough to meet demand for its artificial intelligence ...
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