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

Merz’s Party Selects New Parliamentary Group Leader

Merz’s Party Selects New Parliamentary Group Leader

Frei takes over from Jens Spahn, who resigned due to a controversy involving his use of a surrogate to have a child. The resignation led Merz to initiate a broader cabinet reshuffle.
Earlier on Wednesday, German President Frank-Walter Steinmeier appointed three new CDU ministers proposed by the chancellor.
Former CDU Secretary-General Carsten Linnemann became health minister, replacing Nina Warken

Read More

Peskov’s Wife Mounts New Court Challenge Against Russian Elite Sanctions

Peskov’s Wife Mounts New Court Challenge Against Russian Elite Sanctions

Brussels, July 27 Eurotoday Newspaper — Russian elite sanctions are facing another legal challenge after Tatiana Navka, wife of Kremlin spokesman Dmitry Peskov, asked the European Union’s General Court to remove sanctions imposed on her following Russia’s invasion of Ukraine. She is also seeking more than €2 million in damages, arguing that the EU lacked sufficient legal grounds for the restrict

Read More

Alcohol Prohibition to Be Implemented at 5,400 German Train Stations

Alcohol Prohibition to Be Implemented at 5,400 German Train Stations

Deutsche Bahn, Germany’s national rail operator, will implement an alcohol ban at all its stations by October 15th to enhance safety and cleanliness, according to Euronews. The prohibition will be gradually introduced across all 5,400 stations by October 15th, with exceptions for bars and restaurants within stations.
Currently, the ban is enforced at 30 stations, including Cologne, Hamburg,

Read More

Saudi Arabia Destroys Drones from Iraq; Iran Proxy Groups Blamed

Saudi Arabia Destroys Drones from Iraq; Iran Proxy Groups Blamed

Riyadh, Saudi Arabia, July 27 Eurotoday — Iran proxy groups were blamed by Saudi Arabia after its military said it intercepted and destroyed drones launched from Iraqi territory before they could reach strategic locations. Saudi officials said the operation prevented potential damage to key infrastructure and described the attempted attack as a serious threat to regional security.
Main Developme

Read More

Who Really Has Ed Miliband’s Ear?

Who Really Has Ed Miliband’s Ear?

Anne discusses insights regarding the new leadership at the Foreign Office, while Ed Milliband shares thoughts on what his grandfather might have said about his new role.
Meanwhile, Andy Burnham faces the challenge of addressing Britain’s social care system, as the new prime minister initiates cross-party discussions on this pressing issue.
However, there’s an obstacle: invitations were sent

Read More

Cork Reintroduces EU Fisheries Reform

Cork Reintroduces EU Fisheries Reform

Ministers convene in Ireland under the EU Presidency as Brussels evaluates balancing sustainability, coastal livelihoods, and streamlined regulations.
EU fisheries ministers gather in Cork at a critical time for one of the Union’s most debated policy areas: protecting fish stocks while ensuring coastal communities’ economic viability. The informal meeting, under Ireland’s Council Presidency

Read More

Modi Confronts Activists’ Challenge on Surveillance at Indian Youth Protest

Modi Confronts Activists’ Challenge on Surveillance at Indian Youth Protest

New Delhi, July 27 Eurotoday Newspaper — India civil liberties are at the centre of a fresh legal dispute after activists challenged surveillance measures used during recent youth protests in the capital. The case follows nationwide demonstrations that began over examination paper leaks and expanded into broader calls for transparency, privacy protections and democratic accountability.
Main Deve

Read More

The French Presidential Candidate Aiming to Disrupt the Franco-German Partnership

The French Presidential Candidate Aiming to Disrupt the Franco-German Partnership

Mélenchon advocates for France to build stronger connections with China, French-speaking African nations, and South American countries. He views the United States as an imperialist threat, whereas Germany, despite its past tensions with President Donald Trump, considers the transatlantic alliance essential to its foreign policy. Mélenchon opposes Germany’s commitment to a free-market economy and i

Read More

EU-Funded Projects Reducing the Burden of Viral Hepatitis

EU-Funded Projects Reducing the Burden of Viral Hepatitis

Infections from hepatitis B virus (HBV) and hepatitis C virus (HCV) impact liver cells, leading to inflammation. Acute HBV and HCV infections may progress to chronic hepatitis, potentially resulting in cirrhosis or liver cancer.
These infections disproportionately impact socially marginalized populations, as transmission primarily occurs through sexual contact or sharing of injection drug equip

Read More

Wroclaw Incident Leads Tusk to Call for End to Anti-Ukrainian Hate Crimes

Wroclaw Incident Leads Tusk to Call for End to Anti-Ukrainian Hate Crimes

Warsaw, July 28 Eurotoday Newspaper — Wroclaw attack has prompted Polish Prime Minister Donald Tusk to call for an end to hate crimes against Ukrainians after a violent assault in the southwestern city renewed concerns about xenophobic incidents. Tusk urged authorities to prosecute offenders and stressed that violence based on nationality has no place in Poland, which has hosted millions of Ukra

Read More