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

Inequalities – The Hidden Norm of Our Economic System?

Inequalities – The Hidden Norm of Our Economic System?

Consider the term inequality. It refers to the condition of being unequal, unfair, imbalanced. These terms themselves are quite ambiguous and can convey different meanings based on the context. For instance, when two children play a game and one cheats, the other might exclaim, ‘Hey, that’s unfair!‘ meaning ‘that’s against the rules‘. When dividing a cake into two smaller

Read More

L’UE inflige une amende de 200 millions d’euros à Temu

L’UE inflige une amende de 200 millions d’euros à Temu

L’application de vérification de l’âge est vue comme un élément crucial des efforts de l’UE pour protéger les enfants des dangers en ligne et des risques pour la santé mentale.

Read More

US Keeps Kyiv Embassy Open as Ukraine’s Security Situation Remains Tense

US Keeps Kyiv Embassy Open as Ukraine’s Security Situation Remains Tense

Eurotoday is a daily online newspaper based in Belgium. BM publishes unique and independent coverage on international and European affairs. With a Europe-wide perspective, BM covers policies and politics of the EU, significant Member State developments, and looks at the international agenda with a European perspective.

Read More

Europe’s Far Right Faces Ban Threat

Europe’s Far Right Faces Ban Threat

Europe’s far right is facing scrutiny as a European Parliament watchdog aims to ban the Alternative for Germany’s EU party.
On the show, Zoya Sheftalovich and Sarah Wheaton examine how the far-right Europe of Sovereign Nations party — associated with Germany’s AfD — is at risk of losing EU funding and its political party status. A 300-page letter from the Authority for European Political Par

Read More

European Citizen Rights Guide

European Citizen Rights Guide

A delayed flight, a refused residency document, or a suddenly blocked bank account after moving to a new country often pushes individuals to seek guidance on European citizen rights only when problems arise. This is when the gap between formal rights and practical access becomes evident. European citizenship provides actual protections, but these are not automatic and are not always smoothly impl

Read More

Blair’s Speech Sparks New Debate on Labour’s Identity, With or Without Starmer

Blair’s Speech Sparks New Debate on Labour’s Identity, With or Without Starmer

Blair and Starmer have had distant relations in recent months, as noted by a senior figure at the Tony Blair Institute for Global Change. Blair, having relinquished significant influence over the Starmer operation, now aims to transcend the traditional right or left dichotomy, focusing on broader centrist ideas essential for Britain’s advancement. He envisions politics that are more aspirati

Read More

Norway Aligns with France’s Nuclear Deterrence Policy

Norway Aligns with France’s Nuclear Deterrence Policy

“Russia’s largest nuclear arsenal is located in the High North, near Norway,” he stated, emphasizing Norway’s continued reliance on NATO for security.
On March 2, the French president announced that Germany, Poland, Greece, the Netherlands, Belgium, Denmark, and Sweden agreed to discuss nuclear cooperation with Paris. This may include joint nuclear drills, information shari

Read More

Debate on European Nuclear Deterrence Intensifies Following Norway’s Support for France’s Security Role in Oslo 2026

Debate on European Nuclear Deterrence Intensifies Following Norway’s Support for France’s Security Role in Oslo 2026

OSLO, Norway – May 27 – Eurotoday Newspaper — European nuclear deterrence discussions are gaining momentum after Norwegian Prime Minister Jonas Gahr Støre indicated that Norway would come under France’s nuclear umbrella, marking a potentially significant development in Europe’s evolving security structure.
The statement comes during a period of heightened geopolitical uncertainty, increasing Arcti

Read More

Von der Leyen to Meet Hungarian PM Magyar on Friday

Von der Leyen to Meet Hungarian PM Magyar on Friday

Budapest aims to mend its strained relationship with Brussels following long-standing conflicts under former leader Viktor Orbán.
Magyar, whose centrist party recently won Hungary’s election, is working to access billions in EU funds frozen due to violations of EU laws under Orbán’s 16-year governance.
Securing €10.4 billion in EU post-pandemic recovery funds is the top priority for th

Read More

Kazakhstan’s Energy Crisis Worsens as Rosatom Approaches Balkhash Nuclear Agreement for Astana 2026

Kazakhstan’s Energy Crisis Worsens as Rosatom Approaches Balkhash Nuclear Agreement for Astana 2026

ASTANA, Kazakhstan – May 27 – Eurotoday Newspaper — Kazakhstan energy crisis concerns are intensifying as Russian nuclear giant Rosatom moves closer to participating in the country’s planned Balkhash nuclear power project, a development that could reshape Central Asia’s long-term energy landscape.
Kazakhstan’s government has increasingly warned about electricity shortages, rising industrial deman

Read More