Meta Faces €798 Million Penalty from EU for Misuse of Classified Ads Market

In a significant legal development, the European Union has imposed a hefty fine of €798 million (approximately $846 million) on Meta Platforms Inc., attributing the decision to the company's abuse of its dominant position in the online classified advertisements space. This ruling, handed down by the European Commission, reflects an ongoing commitment by the EU to regulate and oversee major technology companies in their operations across Europe.

Continue reading