Meta's Significant EU Fine

Meta has faced a substantial fine of €797.72 million from the EU for allegedly imposing unfair trading conditions by linking Facebook Marketplace to its main platform. This decision marks the first major penalty placed on Meta in response to ongoing antitrust investigations initiated in 2019. Meta has argued that the fine misrepresents the competitive landscape, asserting that it operates in a highly competitive market, citing rivals like eBay and Local marketplaces. Despite the penalty, Meta plans to appeal, stating that the European Commission has not demonstrated any harm to competition or consumers.