EU fine of 798 million for Facebook’s Marketplace

Brussels (ANSA) – The European Commission has fined the parent company of Facebook for violating competition rules. The charge is twofold: according to Berlaymont Palace, the California-based group has abused its dominant position in social networks to favor Facebook Marketplace, the popular platform for buying and selling second-hand goods.

“All Facebook users automatically have access to Facebook Marketplace and are regularly exposed to it, whether they want it or not,” is the Commission’s reasoning, according to which Facebook Marketplace’s competitors risk being “excluded from the market” if they are unable to match this “significant advantage.”

According to the European Antitrust, Meta has also imposed unfair trading conditions on other providers of classified online advertising services that advertise on its platforms, particularly on Facebook and Instagram. This practice allows Meta to use data related to ads generated by other advertisers exclusively to the benefit of Marketplace.

The Vice President of the Commission, Margrethe Vestager, has thus ordered to “put an end to this conduct” deemed “illegal under EU antitrust rules.” Shortly thereafter, Meta responded, also under scrutiny by Brussels for its rules on the use of personal data for targeted advertising. “The decision ignores – according to the social giant of Mark Zuckerberg – the realities of the market and will only serve to protect historic marketplaces from competition.”

Berlaymont Palace, Meta added, has provided “no evidence of competitive harm to rivals or harm to consumers.” For this reason, while committing to work “quickly and constructively” on “a solution that addresses the raised points,” the tech giant has announced its intention to appeal against the Commission’s decision (November 14).


Comments

One response to “EU fine of 798 million for Facebook’s Marketplace”

  1. In conclusion, the substantial EU fine of 798 million levied against Facebook’s Marketplace underscores the regulatory scrutiny faced by major tech companies regarding their compliance with competition laws. This significant penalty highlights the EU’s commitment to maintaining a fair digital marketplace and protecting consumer interests. As Facebook navigates this financial setback, the ruling serves as a crucial reminder for all digital platforms to prioritize ethical practices and transparency in their operations. The outcome may not only influence Facebook’s future strategies but also set a precedent for the broader tech industry in adhering to regulatory standards across Europe.

Leave a Reply

Your email address will not be published. Required fields are marked *

Last News

AI Investment Fuels Growth in Semiconductor Market Outlook

AI Investment Fuels Growth in Semiconductor Market Outlook

SANTA CLARA, California, June 6 – Eurotoday Newspaper — Semiconductor market outlook remains positive as demand for artificial intelligence infrastructure, cloud computing services, and advanced networking technologies continues supporting growth across the global chip industry. The latest developments follow Marvell Technology’s addition to the S&P 500, a milestone that reflects how AI-driv

Read More

Ukraine targets St. Petersburg again as Putin’s forum concludes

Ukraine targets St. Petersburg again as Putin’s forum concludes

“It is time to end this war. But Russia’s ruler wants to keep fighting,” Zelenskyy stated in his post on X.
Russia’s Defense Ministry reported that its air defenses shot down 376 Ukrainian drones, as per the Associated Press on Saturday.
The drone strikes occurred just before the conclusion of the St. Petersburg International Economic Forum, an event the Kremlin uses to highlight Russia’s economy

Read More

US Warning on Bosnia Role Highlights Rift With Europe

US Warning on Bosnia Role Highlights Rift With Europe

A disagreement regarding the next High Representative for Bosnia and Herzegovina has caused a rare public split between the United States and European partners, with the US warning it might reconsider its involvement in the country’s international peace framework.
This warning, as reported by The Guardian, came after a conflict within the Peace Implementation Council, which oversees civilia

Read More

Air Travel Demand Stays Robust Amid Growing Industry Challenges

Air Travel Demand Stays Robust Amid Growing Industry Challenges

RIO DE JANEIRO, Brazil, June 6 – Eurotoday — Air travel demand remains a central focus for airline executives, investors, and industry analysts as global aviation leaders gather in Rio de Janeiro to discuss the challenges and opportunities shaping the future of commercial aviation. Despite concerns about fuel costs, economic uncertainty, and operating expenses, passenger demand continues supporti

Read More

UK Responds to Vance’s Comments on British Teenager’s Murder

UK Responds to Vance’s Comments on British Teenager’s Murder

A statement from Downing Street late Friday said Nowak’s family “do not want his death to be used to create further division, hatred or tension.”
Violent protests erupted earlier this week following the details of Nowak’s death, prompting claims that the U.K. has a “two-tiered” justice system biased against white people.
Digwa, a 23-year-old Sikh, who stabbed Nowak with a k

Read More

OceanEye Puts Europe’s Climate Science Focus Into the Deep Sea

OceanEye Puts Europe’s Climate Science Focus Into the Deep Sea

The European Commission has launched the OceanEye initiative to enhance Europe’s ocean observation capabilities, transforming marine data, sensors, and digital modeling into a strategic public resource for climate resilience, maritime safety, and coastal communities.
The ocean covers 70% of the Earth, but only a small portion is thoroughly explored. This knowledge gap impacts storm predicti

Read More

NASA Astronauts Ready for Potential Emergency Evacuation Amid Station Air Leak

NASA Astronauts Ready for Potential Emergency Evacuation Amid Station Air Leak

WASHINGTON, June 5 – Eurotoday — NASA Air Leak Updates confirm that astronauts aboard the International Space Station (ISS) were ordered to shelter in their docked SpaceX Crew Dragon spacecraft today as a worsening air leak threatens the structural integrity of the orbiting laboratory. The directive, issued early Friday, requires the four-member Crew-12 team to don their pressure suits and remain

Read More

How to Claim Airline Compensation in Europe

How to Claim Airline Compensation in Europe

A delayed flight can lead to more than just lost time, causing missed work, extra hotel expenses, canceled visits, or a stranded child. The question then arises: who is responsible? To report airline compensation in Europe, knowing your rights and how to enforce them is crucial.
Europe’s passenger-rights framework is designed to be generous, yet travelers often find the real challenge begins afte

Read More

Ex-President Warns: Kosovo’s Path to NATO and EU at Risk in Upcoming Elections

Ex-President Warns: Kosovo’s Path to NATO and EU at Risk in Upcoming Elections

Earlier this year, the prime minister, refusing POLITICO’s requests for comment, declined to support her reelection bid in parliament, backing nominees from his party instead. When none secured the necessary votes, the country faced a crisis leading to Sunday’s snap vote.
This parliamentary election, the third in over a year, is unlikely to resolve Kosovo’s complex political situation. Without rel

Read More

Chinese Military Forces Observe Dutch Frigate’s Transit Through Taiwan Strait

Chinese Military Forces Observe Dutch Frigate’s Transit Through Taiwan Strait

BEIJING, June 5 – Eurotoday Newspaper — Taiwan Strait Tensions have reached a critical point following the recent tracking of a Dutch frigate by Chinese naval and air forces. As geopolitical friction increases, the narrow waterway—a vital artery for global commerce—has become the site of intensified military posturing, drawing concern from international observers regarding the security of regiona

Read More