MarketDominance

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

1 month ago

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.

Google CEO Predicts Prolonged Antitrust Trials

3 months ago

Google's CEO, Sundar Pichai, recently testified that the ongoing antitrust trials could last well into several years, as if the judiciary hearing the case was not already intricate. These comments have been made out of increasing scrutiny by regulatory bodies aimed at reining in the tech giant's extensive dominance in the marketplace.