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

Spain’s Sánchez to Attend FIFA World Cup Final Alongside Trump

Spain’s Sánchez to Attend FIFA World Cup Final Alongside Trump

Sánchez’s government has refused to increase defense spending to 5 percent of GDP, a target set by other NATO allies last year at Trump’s urging. During July’s NATO summit in Ankara, the U.S. president briefly threatened to cut all trade with Spain, calling the country “a wasted cause,” but walked back the warning a day later.
A spokesperson emphasized the brief natur

Read More

Apple Intelligence Drives Apple’s Quest for World’s Highest Market Value

Apple Intelligence Drives Apple’s Quest for World’s Highest Market Value

Cupertino, California, July 17 Eurotoday Newspaper — Apple Intelligence is helping strengthen investor confidence as Apple closes the gap with Nvidia in the race to become the world’s most valuable publicly traded company. Strong gains in Apple’s stock have reduced the difference in market capitalization, highlighting growing optimism about the company’s artificial intelligence strategy and futu

Read More

Antarctic Volcano Erupts Daily with Pure Gold Crystals

Antarctic Volcano Erupts Daily with Pure Gold Crystals

Scientists have observed an extraordinary event at an Antarctic volcano, which is emitting microscopic crystals of pure gold into the air daily, according to Indian Defense Review.
The Erebus volcano, the Earth’s southernmost active volcano, is situated on Ross Island, about 1,350 kilometers from the South Pole. It features a constant lava lake. Besides lava and gases, it releases something

Read More

How Food Delivery Works in Ukraine’s ‘Killing Zone’

How Food Delivery Works in Ukraine’s ‘Killing Zone’

The expanding conflict zone is causing towns and villages to empty, with thousands fleeing every month. June marked the deadliest period for Ukrainian civilians since April 2022, according to U.N. human rights monitors, noting at least 293 deaths and 1,990 injuries. Casualties from short-range drones near the front lines reached a peak. Those escaping front-line areas told U.N. staff of “fee

Read More

EU Sanctions Hit Russia’s Defense Sector, Targeting Executive and Five Companies

EU Sanctions Hit Russia’s Defense Sector, Targeting Executive and Five Companies

Brussels, July 17 Eurotoday — Russia defense sector has come under renewed pressure after the European Union announced sanctions against one Russian executive and five companies linked to drone production. The measures are part of the EU’s latest effort to limit access to financial resources, technology, and international business networks that could support Russia’s military capabilities. The s

Read More

Morocco’s Ambitious Plan to Construct the World’s Largest Football Stadium

Morocco’s Ambitious Plan to Construct the World’s Largest Football Stadium

Morocco is making a bold move to host the 2030 World Cup by planning to construct the largest football stadium in the world, “Stade Hassan II,” to host matches in four years.
The stadium will be situated in the El Mansouria region, about 38 kilometers north of Casablanca, with a capacity of 115,000 spectators. It will feature modern architecture with 32 monumental entrances, incorpora

Read More

Merz and Macron Commit to Swift Action on EU Priorities Before Possible Le Pen Presidency

Merz and Macron Commit to Swift Action on EU Priorities Before Possible Le Pen Presidency

“The implementation plan must progress rapidly and vigorously,” Macron stated. “This is crucial for us — it is vital — as it is for Europe.”
Merz emphasized the urgency. “Collaboration between Germany and France is essential when Russia threatens our security, the People’s Republic of China challenges our economy, and the transatlantic partnership is no longer a

Read More

US Equity Funds Face Outflows Amid Decline in Chip Stocks: Federal Reserve News

US Equity Funds Face Outflows Amid Decline in Chip Stocks: Federal Reserve News

Washington, July 17 Eurotoday — Federal Reserve news remained a key focus for investors as US equity funds posted fresh outflows during the latest reporting period. A broad decline in semiconductor stocks weakened market sentiment, prompting investors to reduce exposure to technology-focused funds. Concerns over interest rate expectations, corporate earnings, and slowing momentum in high-growth

Read More

Can a Priest Be Stripped of His Rank?

Can a Priest Be Stripped of His Rank?

On June 30, a priest was stripped of his rank for prioritizing the gospel commandments and Christian conscience over church authority. The “For the Church and for the People” Telegram channel reported that 50 clergymen were defrocked in the ROC MP during the first quarter of 2026. This measure, once exceptional, has become routine under the current patriarch, as has the subsequent reinstatement o

Read More

Green Boss Polanski Says Burnham Can’t ‘Sit on the Fence’ Like Starmer

Green Boss Polanski Says Burnham Can’t ‘Sit on the Fence’ Like Starmer

Polanski, whose political broadcasts use the slogan “let’s make hope normal again,” remarked that “imitation is the sincerest form of flattery” but criticized Burnham’s “vibes-based” hope as “a distraction from actually implementing policies.”
He informed POLITICO that the Green agenda, featuring wealth taxes, rent controls, and measures

Read More