EU fines Meta 798m euros for ad breach

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 […]

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.

Meta said it would appeal, alleging the decision ignored “the realities of the thriving European market for online classified listing services”.

“Facebook users can choose whether or not to engage with Marketplace, and many don’t. The reality is that people use Facebook Marketplace because they want to, not because they have to,” the firm said in a statement.

The fine is the latest in a string of hefty penalties the 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.