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

Russia Eliminates Anti-War Ballot Option

Russia Eliminates Anti-War Ballot Option

Supreme Court Removes Yabloko’s Federal List Ahead of Parliamentary Election
Russia’s Supreme Court has excluded the liberal Yabloko party’s federal list from the upcoming State Duma election in September. This decision eliminates the only registered party openly campaigning for a ceasefire in Ukraine, further restricting the space for anti-war political activity and diminishing the p

Read More

Germany’s Modern Miracle: Churches are Losing Believers but Gaining Money

Germany’s Modern Miracle: Churches are Losing Believers but Gaining Money

Germany’s churches face a paradox: despite a declining number of believers, they are experiencing financial growth. This unusual trend is primarily attributed to rising salaries, which have offset the loss incurred from the significant number of church members who have left.

Read More

Good and Evil

Good and Evil

Before delving into the concepts of good and evil, it’s crucial to highlight an intriguing aspect of the evil phenomenon. When people encounter evil, it affects them in vastly different ways. Some individuals, after enduring hardships and crises, succumb to spiritual despair or atheism. In contrast, others experience spiritual growth despite negative experiences.
There is an anecdote about

Read More

UK Approves Second Weight-Loss Pill While EU Access Lags

UK Approves Second Weight-Loss Pill While EU Access Lags

The introduction of the first GLP-1 pill Wegovy (semaglutide) by Danish company Novo Nordisk, which has debuted in the U.S. and U.K. this year and is anticipated to soon enter certain EU markets, is expected to boost the demand for the more convenient tablet.
Novo Nordisk is aiming to reach a wide range of patients with this pill to secure market share, according to CEO Mike Doustdar’s statements

Read More

The Church’s Authority

The Church’s Authority

By Fr. Alexander Men
When discussing the authority left by the Lord to the Church, we must dismiss any notion of it resembling earthly authority. Forget that church authorities in the Middle Ages and other times sometimes resembled state power. This authority is fundamentally different and cannot be compared.
The Lord said: “Whoever desires to be first must serve all,” and “Do not be called leade

Read More

EU Engages Meta, TikTok to Address Ceuta Migrant Crisis

EU Engages Meta, TikTok to Address Ceuta Migrant Crisis

A contact point will be set up for platforms, fact-checkers, and the Commission to swiftly flag content for review and potential removal, driven by concerns over disinformation affecting crossings on August 15, reported by Maldita.es. Representatives from Maldita.es and the European Fact-Checking Standards Network attended a recent meeting.
The Commission runs a rapid response system under its dis

Read More

Federation of the Aboriginal Nations of the Americas Announces Formal Decree of the Law of Continuity for Sand Hill Band of Raritan Lenape and Cherokee Indians

Federation of the Aboriginal Nations of the Americas Announces Formal Decree of the Law of Continuity for Sand Hill Band of Raritan Lenape and Cherokee Indians

The Federation Of The Aboriginal Nations Of The Americas proudly announces the formal decree of the Law of Continuity by the Sand Hill Band of Raritan Lenape and Cherokee Indians, marking a significant moment in the continued development of Indigenous constitutionalism, diplomatic representation, and the preservation of enduring systems of governance.
For more than five centuries, the internatio

Read More

The Social Role of a Christian

The Social Role of a Christian

The social role of a Christian is distinctively unique in each nation, so assuming a universal lifestyle and conduct is incorrect. You may not be curious about how Christians in Latin America strive for rights using armed resistance or how this was addressed in the 19th-century United States, but probably in our nation. Oddly, our way is reminiscent of ancient practices, bringing us full circle b

Read More

Farage Calls for Lowe Aide’s Dismissal as Condition for Reform-Restore Negotiations

Farage Calls for Lowe Aide’s Dismissal as Condition for Reform-Restore Negotiations

On Monday, the possibility of the two opposing groups reaching a reconciliation seemed stalled.
During a press conference in Westminster, Farage announced a new stipulation for engaging in discussions with what he called “that party,” referring to Restore. He insisted that Lowe must expel Restore’s co-founder, which Lowe has already refused to do.
“I’m always happy to meet people and t

Read More

Travel with Up to Five Pets in Europe

Travel with Up to Five Pets in Europe

It’s not just EU citizens who can move freely within the European Union. Due to harmonized EU regulations, your cats, dogs, and ferrets can enjoy this freedom too. If traveling in the EU with pets this summer, ensure their pet passport is current, advises the European Commission.
An EU pet passport includes descriptions and details like microchip or tattoo codes, rabies vaccination records,

Read More