The European Commission has fined Meta 797.72 million Euros (£663 million) for what it says are breaches of EU competition law related to the social media giant’s classified ads service, Facebook Marketplace.
The Commission said by tying Marketplace to its Facebook social media platform, consumers on Facebook were regularly exposed to Marketplace whether or not they wanted to be, and this gave the site a “substantial distribution advantage” which over classified ad platforms could not match.
