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$Meta Fined \u20ac797 Million for Anti-Competitive Practices$

pt.euronews.com

Meta Fined \u20ac797 Million for Anti-Competitive Practices

The European Commission imposed a \u20ac797.72 million fine on Meta for abusing its dominant position by favoring Facebook Marketplace, and demanded the unlinking of the services.

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What action did the European Commission take against Meta?: The European Commission fined Meta \u20ac797.72 million for abusing its dominant position in the online social network market by favoring its Facebook Marketplace.
How did Meta respond to the European Commission's decision?: Meta is contesting the decision, claiming the market has changed since the investigation began in 2021 and that numerous competitors exist.
What was the reason behind the European Commission's action against Meta?: The commission found that Meta linked Facebook Marketplace to its social network, giving it an unfair advantage over competitors, and imposed unfair commercial conditions on other classified ad providers.
How did Meta's actions affect competition in the online classified ads market?: Meta's integration of Facebook Marketplace within its social network prevented fair competition, automatically exposing users to it regardless of preference.
What is the timeframe and requirement given by the European Commission to Meta?: The commission ordered Meta to unlink Facebook Marketplace from its social network within 60 days, allowing users a choice in accessing it.

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Meta Fined \u20ac797 Million for Anti-Competitive Practices

The European Commission imposed a \u20ac797.72 million fine on Meta for abusing its dominant position by favoring Facebook Marketplace, and demanded the unlinking of the services.