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

CPMR Applauds EU’s Bold New Islands Strategy

CPMR Applauds EU’s Bold New Islands Strategy

The EU’s newly announced islands strategy has been hailed as a “welcome and historic step.”
The initiative, unveiled on Wednesday, marks the first attempt to give Europe’s islands and coastal areas a more coherent policy framework.
The European Commission formally adopted two dedicated strategies, one for EU islands and one for EU coastal communities.
This sets out for the first time a coordinate

Read More

Europe’s Death Penalty Lesson Is Still Incomplete

Europe’s Death Penalty Lesson Is Still Incomplete

A recent study by the Council of Europe highlights a concerning gap in education regarding the death penalty’s abolition. Despite no executions occurring within its member states since 1997, the report warns that this achievement is poorly understood by the younger generation. History lessons often mention capital punishment but neglect the movements, legal arguments, and human rights princ

Read More

UK Imposes New Energy Sanctions on Russia at G7

UK Imposes New Energy Sanctions on Russia at G7

Starmer praised an agreement involving £210 million from UK Export Finance to assist the UK company Urenco in providing enriched uranium to Ukraine’s nuclear power producer, Energoatom. This deal was reached between the prime minister and Ukrainian President Volodymyr Zelensky during their recent meeting.
The British PM stated, “Russia’s aggression threatens not just Ukraine, but the securit

Read More

Neglecting Roma Communities: Beyond a Minority Rights Issue

Neglecting Roma Communities: Beyond a Minority Rights Issue

Democratic resilience must extend to the communities where democratic systems are most tested.
For Europe, this means ensuring the “full political participation” of Roma citizens.
This was a key message to emerge from a recent meeting in the EU parliament organised by the Roma for Democracy Foundation.
It  brought bringing together senior policymakers, international election experts, and civil s

Read More

EU Increases Russia Sanctions Following Kyiv Attacks

EU Increases Russia Sanctions Following Kyiv Attacks

New listings target oil networks, propaganda actors, and officials linked to Alexei Navalny’s persecution
The European Union introduced new sanctions against Russia, adding 34 individuals and 47 entities to the lists, aiming to pressure Moscow’s war economy, oil trade, propaganda outlets, and human-rights violators.
This decision by the Council of the EU on June 15 coincided with the G7 summit in

Read More

EU crafting strict rules to curb potential rogue behavior of new members, says enlargement chief

EU crafting strict rules to curb potential rogue behavior of new members, says enlargement chief

The European Commission is considering ways to enhance the system, including introducing safeguards and transition periods before full membership rights are granted. The Commission is consulting with member countries who are worried that future enlargements could complicate the decision-making process or allow new governments to reverse reforms post-accession.
Countries like France, Germany, and t

Read More

New Uncertainty at Israel-Lebanon Border Following First Deadly Strike Post U.S.-Iran Deal

New Uncertainty at Israel-Lebanon Border Following First Deadly Strike Post U.S.-Iran Deal

SOUTH LEBANON, June 15 – Eurotoday Newspaper — Israel Lebanon border tensions have returned to the international spotlight after a deadly strike in southern Lebanon reportedly killed one person, marking the first fatal incident since the announcement of a diplomatic agreement between United States the and Iran. The development has raised fresh questions about regional stability and whether local

Read More

OneTaste at the Human Rights Council: Legal Categories Blurring into Belief Policing

OneTaste at the Human Rights Council: Legal Categories Blurring into Belief Policing

A UN submission examines the expanding scope of trafficking law and its effects on spiritual leadership.
After completing the first academic study of the American organization OneTaste with María Vardé for the scholarly online encyclopedia World Religions and Spirituality Project (WRSP), I have taken a keen interest in the written submission by the ECOSC-accredited NGO CAP LC for the 62nd sessio

Read More

Un think tank pro-Orbán suspendu du registre de transparence européen

Un think tank pro-Orbán suspendu du registre de transparence européen

Donald Trump déclare qu’il imposera un embargo strict au Kremlin si Bruxelles durcit sa position envers Pékin, mais les diplomates de l’UE soupçonnent le président américain de tenter de gagner du temps.

Read More

Why Plutonium Is Not the Quick Solution to America’s Nuclear Fuel Challenge

Why Plutonium Is Not the Quick Solution to America’s Nuclear Fuel Challenge

UNITED STATES, June 15 – Brussels Morning Newspaper — plutonium nuclear fuel has returned to the spotlight as policymakers and energy experts debate how to strengthen America’s long-term nuclear energy supply. While some advocates point to plutonium as a possible future fuel source, specialists warn that the material presents major technical, economic, and security challenges that prevent it fro

Read More