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

Former European Parliament President Klaus Hänsch has died

Former European Parliament President Klaus Hänsch has died

Former European Parliament President Klaus Hänsch has passed away, as confirmed by current Parliament President Roberta Metsola on Wednesday.
“His Parliament mourns the loss of a champion of Europe, who took office during a time of profound change for our continent, and who always believed in the potential of this project,” Metsola stated in a social media post.
“At our last meet

Read More

Bible Dictionary (H)

Bible Dictionary (H)

Habakkuk
Habakkuk (Hebrew: חֲבַקּוּק – Ḥavaqquq; Greek: Ἀμβακοὺμ) is among the twelve minor prophets in the Old Testament and the author of the book bearing his name. His Hebrew name Ḥavaqquq means “embrace” or “beloved”, transcribed as Ambakoúm in the Septuagint. The Bible does not specify his birth details, but tradition suggests he lived in Judea, likely Jerusalem, between 714–700 BC, alongsid

Read More

Europe has the defense budget; the real challenge is delivery.

Europe has the defense budget; the real challenge is delivery.

Four strategies could accelerate Europe’s progress.
The first is adopting multi-speed procurement. Software-driven systems like drones improve rapidly and require procurement that matches this pace. Israel’s Iron Dome began with limited capabilities and continuously improved. European defense ministries have established high-speed procurement units with dedicated teams and higher risk

Read More

Hospitality Faces a Profitability Challenge, Not a VAT Issue

Hospitality Faces a Profitability Challenge, Not a VAT Issue

Every few years, the hospitality industry returns to the same debate: reduce VAT, cut tax and save restaurants.
A lower rate of VAT would undoubtedly help many businesses, but after operating restaurants every day I believe we are asking the wrong question.
The real issue is not how much tax restaurants pay. It is whether many restaurants are commercially viable before tax is even calculated. Th

Read More

EU Launches Public Consultation for Major Education Reform

EU Launches Public Consultation for Major Education Reform

The European Commission initiated a Call for Evidence to collect public feedback in preparation for a new Education Package, expected to be revealed in November, according to the European Education Area office announcement on July 30. This consultation is the first official step toward potentially one of the bloc’s most significant education policy updates in recent years.
Three Pillars of

Read More

Spain’s Concerns Over Its Isolated African Territories

Spain’s Concerns Over Its Isolated African Territories

“We should strive to maintain friendly relations with Morocco,” he stated. “However, it is crucial that even friends recognize there are boundaries that must not be crossed.”
Colonial Legacies
Ceuta and Melilla are among the last remnants of the extensive Spanish Empire. They have been under Madrid’s administration since 1668 and 1497, respectively, and are fully integrated within Spain and the Eu

Read More

App Provides Opportunity to Explore and Stay Fit

App Provides Opportunity to Explore and Stay Fit

A retired telecoms worker from Belgium is among those behind an innovative smartphone app  that aims to keep you fit and discover “hidden gems” all over the world.
Philippe Pleckspaen helped launch “Jooks”, an application that helps you navigate your way around a locality, spotlighting places of interest.
The idea is that users do this while running or cycling at the same time but the device can

Read More

Bible Dictionary, Volume 2

Bible Dictionary, Volume 2

Akeldama Field of Blood
Akeldama (Aramaic: חֲקַל דְּמָא — Hăqal Dəmā’, Greek: Ἁκελδαμά), or Field of Blood, is the place in Jerusalem where, according to the New Testament, Judas Iscariot was buried or where a field was purchased with the money he received for betraying Jesus Christ. The name comes from Aramaic and means “field of blood”.
Usage in Scripture: In Matthew 27:3–8, after betraying Je

Read More

Former Kyiv Commander Says NATO is Outdated for Ukraine

Former Kyiv Commander Says NATO is Outdated for Ukraine

Russia has significantly altered its military forces due to war pressures, causing concern among politicians and intelligence officials that it might attack a NATO country by decade’s end.
Zaluzhnyi’s unusual criticism highlights a shift in the alliance’s relationship with Ukraine. The nation has evolved from depending on European military aid in the early war years to becoming o

Read More

Some MEPs call for EU Parliament to reconvene over Ceuta crisis

Some MEPs call for EU Parliament to reconvene over Ceuta crisis

Some MEPs have formally requested that the European Parliament be convened on an “exceptional basis” for an urgent debate on the migration crisis in Ceuta.
This, they say, should be with the participation of the Council and the European Commission.
The parliament is currently in recess for the summer and reconvening would be an exceptional step.
The extraordinary surge of arrivals has left at le

Read More