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Hundreds of Millions of Dollars Fined by the European Union on Meta: Here’s Why

  • November 15, 2024
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The European Union has completed an investigation into social media giant Meta. In the statement, Meta says $841 million decided to impose a fine. Meta, decide will object


The European Union has completed an investigation into social media giant Meta. In the statement, Meta says $841 million decided to impose a fine. Meta, decide will object announced.

The research started in 2022, can be found on Facebook Marketplace It was about service. According to the authorities, Meta acted in violation of competition rules with this Facebook service and thus gained an advantage over its competitors. There are also competing platforms to Marketplace that advertise on Instagram and Facebook. they were treated unfairly. The research shows that this is all confirmed.

Meta can take Facebook Marketplace from European Union countries

Meta was very harsh about the European Union’s criminal decision. A Meta spokesperson said Facebook Marketplace has been operating in this region for years and competing platforms have also grown over the years. According to Meta, the European Union’s accusations are: It was not based on facts.. Nothing is final yet, but Meta is using Facebook Marketplace to avoid further dealings with the European Union. may withdraw from the region.

What we can convey about the tension between the European Union and Meta That’s it for now. We’ll have to wait a while to see what will happen if Meta objects.

Source: Web Tekno

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