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

Brussels Aims to Make Europe ‘Smokefree’ – European Parliament Already Has a Plan

Brussels Aims to Make Europe ‘Smokefree’ – European Parliament Already Has a Plan

Brussels’ target to make Europe ‘smokefree’ by 2040 is faltering. High taxes, messy regulations, and a booming market for illegal cigarettes are undermining Europe’s anti-smoking efforts. Lately, though, the European Parliament has begun claiming smokefree successes and falling smoking rates. Has Brussels finally found a route to making its smokefree dream a reality?
For a population to be consi

Read More

Législatives 2027 : l’autre élection capitale

Législatives 2027 : l’autre élection capitale

Et si le futur chef de l’État échouait à obtenir une majorité à l’Assemblée ? La division tripartite de la scène politique va-t-elle perdurer ? Pourquoi les élections législatives préoccupent-elles déjà tous les états-majors politiques ? Anthony Lattier échange avec Elisa Bertholomey et Jason Wiels dans Playbook Paris, le podcast de POLITICO.

Read More

EU Considers ‘Trade Bazooka’ as Tensions Rise Over US Greenland Tariffs

EU Considers ‘Trade Bazooka’ as Tensions Rise Over US Greenland Tariffs

Countries within the European Union are rapidly seeking a unified approach in response to US President Donald Trump‘s threat to implement an additional 10-percent tariff on goods from several European nations starting February 1.
EU leaders are scheduled to gather in Brussels on Thursday following Trump’s warning that eight European nations would encounter increased tariffs until the U

Read More

EU Steel Shield Passes Final Hurdle Ahead of July Launch

EU Steel Shield Passes Final Hurdle Ahead of July Launch

New import quotas and higher duties to replace EU’s expiring steel safeguards on 1 July
The European Union has finalized new steel market protection rules, enhancing its trade defence system just weeks before current safeguards expire. The measures include tighter tariff-free import quotas, increased duties on excess imports, and stricter origin-tracing requirements, aiming to protect the steel

Read More

Roche Upholds German Investment Plans Amid Global Pharmaceutical Market Attention

Roche Upholds German Investment Plans Amid Global Pharmaceutical Market Attention

BERLIN, Germany, June 9 – Eurotoday Newspaper — Global pharmaceutical market developments are drawing attention after Roche reaffirmed its commitment to investment projects in Germany despite spending adjustments announced elsewhere in the healthcare sector. The decision has been viewed by industry observers as a sign of confidence in Europe’s largest pharmaceutical economy and in the long-term o

Read More

Thousands of Farmers Demonstrate Against Mercosur Deal Outside EU Parliament

Thousands of Farmers Demonstrate Against Mercosur Deal Outside EU Parliament

Strasbourg, France – On Tuesday, thousands of European farmers gathered in Strasbourg to protest the European Union’s free trade agreement with the Latin American Mercosur bloc.
Local officials reported approximately 5,000 protesters and several hundred tractors participated in the demonstration, coinciding with a plenary session of the European Parliament taking place that week.
EU lawmake

Read More

Turkey and Australia to Advocate for Global Electrification Goal at UN Climate Summit

Turkey and Australia to Advocate for Global Electrification Goal at UN Climate Summit

“This ‘35% by 2035’ target will be a key focus of our COP31 presidency,” he stated. “We aim to form a robust global coalition committed to achieving this goal.”
The plans are included in the summit’s action agenda, intended to coordinate voluntary climate efforts, not the formal negotiations needing the consensus of almost 200 attending governments.
Some action agenda eleme

Read More

Spain’s Constitutional Court Safeguards Reporting of Psychiatric Violations

Spain’s Constitutional Court Safeguards Reporting of Psychiatric Violations

Spain’s Constitutional Court has dismissed an appeal by the Spanish Society of Psychiatry challenging a Supreme Court decision that supported the Citizens Commission on Human Rights and its Spanish branch. This decision upholds a significant judgment favoring freedom of expression and public oversight in psychiatry.
According to CONFILEGAL, the Constitutional Court declined an “amparo

Read More

Concerns Rise Over Tyre Lebanon Evacuation After 2026 Israeli Warning

Concerns Rise Over Tyre Lebanon Evacuation After 2026 Israeli Warning

TYRE, Lebanon , June 9 – Eurotoday Newspaper — Tyre Lebanon evacuation concerns intensified after the Israeli military issued an evacuation warning covering parts of the historic southern Lebanese city, including neighborhoods with significant Christian populations. The announcement prompted residents to assess their options as uncertainty grew over possible military activity in the area.
The war

Read More

German Chancellor Criticizes EU Parliament for Legal Review of Mercosur Trade Agreement

German Chancellor Criticizes EU Parliament for Legal Review of Mercosur Trade Agreement

Davos, Switzerland (dpa) – German Chancellor Friedrich Merz has criticized the European Parliament for taking the disputed EU free trade agreement with four countries from the South American Mercosur bloc to court.
“I regret that the European Parliament has placed another hurdle in our path,” Merz stated to political and business leaders at the World Economic Forum in Davos on Thursday. “However,

Read More