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International Business Times

Business

Daniel ARONSSOHN, Umberto BACCHI

EU Fines Meta $840 Million For 'Abusive' Facebook Ad Practices

Meta Facebook United States Facebook Marketplace Instagram European Commission European Union

The fine is the latest in a string of hefty penalties the European Commission, the regulator for the 27-nation European Union, has imposed against Big Tech companies over their practices in recent years -- and ranks among the 10 largest antitrust fines (Credit: AFP)

The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace.

The European Commission said the US tech titan also abused its dominant position by imposing unfair trading conditions on other online classified ads service providers that advertise on its platforms.

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Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

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Los Angeles County Confirms First Cychlorphine Overdose Death From a Potent Opioid That Fentanyl Test Strips Miss

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Minnesota Measles Cases Reach 42 as Todd and Fillmore County Outbreaks Add 23 Cases in Three Weeks

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Minnesota measles cases reach 42 as Todd and Fillmore County outbreaks add 23 cases in 21 days, all among unvaccinated people. What families should do.

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The Singapore-flagged GFS Pride went down after a fire broke out on board, Singapore said. All 21 crew members were evacuated safely. The vessel was carrying more than 2,500 containers when it sank, according to Iran's Islamic Revolutionary Guard Corps (IRGC) navy, which claimed the ship had entered an “unauthorised…

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Zelenskyy questions Starlink speed restrictions in Ukraine, disputes Musk’s explanation

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Los Angeles County Confirms First Cychlorphine Overdose Death From a Potent Opioid That Fentanyl Test Strips Miss

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One subscription that gives you access to news from hundreds of sites

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Minnesota Measles Cases Reach 42 as Todd and Fillmore County Outbreaks Add 23 Cases in Three Weeks

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Minnesota measles cases reach 42 as Todd and Fillmore County outbreaks add 23 cases in 21 days, all among unvaccinated people. What families should do.

Iranian fishermen hunt for iPhones and perfumes after cargo ship sinks in Hormuz

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The Singapore-flagged GFS Pride went down after a fire broke out on board, Singapore said. All 21 crew members were evacuated safely. The vessel was carrying more than 2,500 containers when it sank, according to Iran's Islamic Revolutionary Guard Corps (IRGC) navy, which claimed the ship had entered an “unauthorised…

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