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Ellen Jennings-Trace

Meta in EU antitrust crosshairs for classified advertising practices

European Union Meta Facebook

The Meta logo on a smartphone in front of the Facebook logo a little bit blurred in the background.

Meta is potentially facing a significant fine over its alleged attempts to dominate the classified advertising market.

The classified ad practices of the corporation have come under fire for linking free Marketplace services with the Facebook platform, which 'undermines rivals', according to the EU regulators. It’s not clear how much the fine would be, but the figure could be up to 10% of global annual revenue, which was almost $135 billion in 2023.

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