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

Ukraine Repairs Druzhba Pipeline, Zelenskyy Announces

Ukraine Repairs Druzhba Pipeline, Zelenskyy Announces

The pipeline, which ceased oil transport from Russia to Central Europe after being damaged by a Russian strike in January, became central to a dispute between Ukraine and Hungary. Hungary, heavily reliant on Russian oil, accused Ukraine of delaying repairs and vetoed a €90 billion EU loan for Ukraine, approved by EU leaders in December.
Zelenskyy’s announcement clears the way for Hungary to lift i

Read More

Is It All About the Money?

Is It All About the Money?

Reflect on the question, ‘How much are you worth?’ Today, thinking in monetary terms seems logical, as money is omnipresent—it serves as a payment method, a success metric, and a social status indicator. Quite rightly so, as everything around us can be converted into money. I could sell the laptop I used to write this for a certain sum. You could sell the device you’re reading this on for a

Read More

UK Officials Didn’t See a Need to Vet Peter Mandelson, Says Sacked Olly Robbins

UK Officials Didn’t See a Need to Vet Peter Mandelson, Says Sacked Olly Robbins

UK officials did not find it necessary to vet Peter Mandelson for the role of U.K. ambassador to Washington, according to Olly Robbins, a former top Foreign Office official. Robbins, who was dismissed from his position, stated that Prime Minister was warned about the potential risks associated with appointing Mandelson, a controversial Labour figure, prior to his appointment.

Read More

The Importance of Taking Early Action for Cardiovascular Health

The Importance of Taking Early Action for Cardiovascular Health

Respiratory infections like influenza, Covid-19, and RSV significantly impact CVD and increase hospital strain during seasons. Influenza vaccination alone reduces major cardiovascular events by more than a third, yet there’s a mismatch across the EU: high disease burden with low vaccination coverage. Covid-19 vaccination rates have fallen to about 10 percent in many member states. Influenza

Read More

Romania Faces Political Turmoil as Social Democrats Attempt to Oust PM

Romania Faces Political Turmoil as Social Democrats Attempt to Oust PM

“PSD can no longer be held captive while our social base is being destroyed,” Grindeanu said to leading party members in Bucharest on Monday, referring to the Social Democrats.
According to local media, crowds gathered in the capital for an evening rally backing Bolojan, who stated he would not resign. The prime minister accused the Social Democrats of “cowardly running” from responsib

Read More

7 Reasons Starmer Can’t Shake Off the Mandelson Vetting Saga

7 Reasons Starmer Can’t Shake Off the Mandelson Vetting Saga

Starmer announced on Monday that he had ordered a review into any security concerns that arose during Mandelson’s time in office. This in itself suggests the scandal might expand.
MPs are questioning the extent of access Mandelson had to top secret documents under the UK’s “STRAP” protocol. Access to these high-level documents is complex and varies by situation, with each document havi

Read More

Magyar Appoints First Ministers in New Hungarian Government

Magyar Appoints First Ministers in New Hungarian Government

Zsolt Hegedűs, known for his dance moves and formerly a surgeon, will be the health minister. Former armed forces chief Romulusz Ruszin-Szendi will take over as defense minister. László Gajdos, director of an award-winning zoo, will become the environment minister, and Szabolcs Bóna, a former farmer, will manage agriculture and the food economy.
The complete cabinet will have 16 ministries, includ

Read More

Slovenia’s Prime Minister Concedes Inability to Form Government

Slovenia’s Prime Minister Concedes Inability to Form Government

Earlier this month, Janša’s party supported the pro-Russian Resni.ca party’s attempt to have their leader, Zoran Stevanović, elected as speaker of Slovenia’s parliament. This was widely seen as indicating an alliance between the two populist parties. However, after meeting with Pirc Musar on Monday, Janša admitted that his party had not yet secured enough support to return to power.
The populist l

Read More

The Council of Peace, EU Edition

The Council of Peace, EU Edition

This week is packed with high-level foreign affairs summits and meetings. The EU’s chief diplomat, Kaja Kallas, begins with a focus on Gaza.
Today, Kallas is hosting continuous events to promote a two-state solution for Israel and Palestinian territories. Ian and Nick discuss the EU’s attempt to position itself as an authority on Gaza’s future and offer an alternative perspective

Read More

Health, resilience, and prosperity: Why immunization matters

Health, resilience, and prosperity: Why immunization matters

The burden of infection extends beyond the initial illness to complications, hospitalizations, antibiotic use, long-term deterioration, and sustained pressure on already stretched health systems, along with broader societal impacts like transmission, caregiving burden, sick leave, and productivity losses.
This necessitates a policy shift: immunization should be integrated across disease prevention

Read More