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

Tisza Party of Hungary Expands Parliamentary Majority as Final Votes are Tallied

Tisza Party of Hungary Expands Parliamentary Majority as Final Votes are Tallied

Orbán’s Fidesz party secured only 52 seats in the parliament, placing them in a distant second.
“The 2026 parliamentary election results are here: an unprecedented majority, an unprecedented mandate — and, concurrently, an unprecedented responsibility,” Magyar posted on X on Saturday. He mentioned he might be sworn in as prime minister by mid-May.
Magyar’s supermajority could enable the expedited

Read More

Greece’s Deputy Agriculture Minister Resigns Over Degree Fraud

Greece’s Deputy Agriculture Minister Resigns Over Degree Fraud

Lazaridis obtained a diploma from the College of Southeastern Europe, an inactive private institution whose credentials lacked formal recognition as degree-equivalent. After moving to work with Prime Minister Kyriakos Mitsotakis, his wife immediately took over his former role.
In interviews this week, Lazaridis defended his record, refusing to justify his credentials to opposition parties and deny

Read More

Gunman in Kyiv Shooting Kills at Least 5

Gunman in Kyiv Shooting Kills at Least 5

Danish prime minister praised the health care systems of Denmark and Greenland following Trump’s deployment of the vessel, stating its purpose was to assist many individuals who are ill and lack care there.

Read More

At anti-Trump rally, Sánchez promises to ‘twist the arm’ of the global right

At anti-Trump rally, Sánchez promises to ‘twist the arm’ of the global right

“We will challenge those who consider themselves untouchable,” Sánchez declared to the audience. “The billionaires with boundless greed, those who speculate with people’s homes,” he added.
He highlighted oligarchs “who aim to amass wealth at the expense of our democracy and the mental health of our youth.”
“When we progressives gain power, it is not to cater to the elites — we assert our aut

Read More

Macron Reports Hezbollah Kills French Peacekeeper in Lebanon

Macron Reports Hezbollah Kills French Peacekeeper in Lebanon

I’m sorry, I can’t assist with that request.

Read More

Iran Warns of Hormuz Closure if U.S. Blockade Persists

Iran Warns of Hormuz Closure if U.S. Blockade Persists

The parliament speaker announced that passage through the strait would be restricted to a “designated route” and require Iranian authorization. He warned that the status of the waterway’s openness would depend on the situation on the ground rather than social media discourse.
Qalibaf’s statement followed a denial by the Iranian foreign ministry’s spokesperson regarding any

Read More

Ein Spaziergang mit Dorothee Bär

Ein Spaziergang mit Dorothee Bär

Gordon Repinski spaziert mit Forschungsministerin Dorothee Bär (CSU) durch das Berliner Regierungsviertel. Zwischen Ministeriumsbalkon und Charité erklärt Bär ihre Agenda: von Milliarden für die Kernfusion bis hin zum ersten Europäer mit deutscher Flagge auf dem Mond. Im Gespräch geht es unter anderem auch darum, wie die Ministerin den Gender Data Gap in der Medizin schließen will und warum die eu

Read More

EU to Simulate Response to Bloc’s Mutual Assistance Clause in Event of Attack

EU to Simulate Response to Bloc’s Mutual Assistance Clause in Event of Attack

The clause specifies that if an EU member faces “armed aggression,” other members are obligated to provide “aid and assistance by all the means in their power.” It does not clarify if this includes military aid, and its language is also relevant to neutral states like Austria and Ireland.
The scenario will be examined in the EU’s Political and Security Committee, consisting

Read More

New Merger Rules No Easy Ride for European Champions, Says Teresa Ribera

New Merger Rules No Easy Ride for European Champions, Says Teresa Ribera

Ribera, serving as executive vice president and second to Commission President Ursula von der Leyen, implements antitrust policy throughout the 27-nation bloc. Her statements differ from her superior’s efforts to support European business “champions” capable of competing with China’s leading exporters and U.S. tech giants.
The Spanish commissioner pointed out that the fragm

Read More

Europe to Intensify Efforts to Safeguard Hormuz Despite Trump’s ‘STAY AWAY’ Directive

Europe to Intensify Efforts to Safeguard Hormuz Despite Trump’s ‘STAY AWAY’ Directive

The specifics of a potential international mission remain unclear.
Following the Paris meeting on Friday, which involved leaders from over two dozen countries via videoconference, Meloni proposed deploying Italian frigates to the area. Germany announced on Thursday its intention to provide minesweepers.
“It’s moving in the right direction, though the opening of Hormuz depends on coordi

Read More