Meta slapped with a €798M fine in Europe over anticompetitive Marketplace practices

Meta, the parent of Facebook, Instagram, and WhatsApp, has been hit with yet another huge regulatory fine in Europe, this time over abusive practices related to Facebook Marketplace. The European Commission announced that it would fine Meta €797.72 million — nearly $840 million — for breaching EU antitrust rules connected to how it ties its online classified ads service, Facebook Marketplace, to Facebook itself, creating “unfair trading conditions” for other providers of classifieds online. Read more.