The European Commission recently fined Meta 798 million euros—about $841 million—for "tying" classified ads on Facebook Marketplace to social accounts on Facebook. The commission defines tying as requiring consumers who want to purchase one product to buy another as well. The commission has acknowledged that tying often gives consumers better products at lower cost, but it accuses Meta of "imposing unfair trading conditions on other online classified ads service providers."
Meta's punishment is yet another "huge antitrust fine against a leading American technology company," says Joseph Coniglio, director of antitrust and innovation at the Information Technology and Innovation Foundation.
