Meta Takes a Bold Step by Allowing Rivals Access to Facebook Marketplace Amid EU Antitrust Pressures

In a groundbreaking move, Meta has announced the opening of its Facebook Marketplace platform to rival companies in the European Union. This strategic decision comes as the tech giant faces increasing scrutiny from regulators amid ongoing antitrust investigations. The company aims to foster a more competitive environment and appease regulatory bodies that have raised concerns about its market dominance.

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Meta Challenges €798 Million EU Penalty Regarding Facebook Marketplace Dominance

In a significant legal confrontation, Meta Platforms Inc. has officially lodged an appeal against a hefty €798 million ($845 million) fine imposed by the European Commission. This fine specifically addresses concerns regarding the company's dominance and anti-competitive practices within the Facebook Marketplace platform. The appeal was filed in the EU’s General Court and reflects Meta's ongoing battle with European regulators over its market influence and competitive behavior.

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