Meta fined $840 million by EU

Văn Thắng (Theo Reuteus) |

The EU fined Meta 797.72 million EUR (about 840 million USD) for linking the Marketplace marketplace with Facebook, setting unfair trade conditions for competitors.

On November 14, EU Competition Director Margrethe Vestager said that by linking Facebook with the Marketplace, Meta had "ordered unfair trade conditions" for other suppliers. Meta does this to benefit their Marketplace service, in order to bring advantages that others cannot keep up with, and this is illegal.

Meta representatives said they will appeal and point out that the European Commissions decision did not provide evidence of competitive harms to competitors or any harms to consumers.

It is known that the EU's extended antitrust investigation into Meta was launched in 2019, following accusations from competitors that the US technology giant is abusing its dominance by providing free services while taking advantage of the data it collects on its platform.

This is one of the last investigations to be supervised by Vestager. Because she will leave the committee in the next few weeks after a decade of management. During her term, Ms. Vestager has repeatedly targeted the world's largest technology companies such as Apple, Google and Microsoft.

Facebook Marketplace was launched in 2016, a popular platform for buying and selling secondhand items, especially household items such as furniture.

Meta is facing billions of dollars in fines in Europe for a series of violations in recent years. The EU has announced a sanction for Meta in the context of a power transition taking place in the US and Europe.

Over the past 5 years, managers in the European Union have passed a landmark law called the Digital Market Act - aimed at curbing Big Tech and boosting the local technology industry.

Văn Thắng (Theo Reuteus)
RELATED NEWS

Meta offers a less advertising version of Facebook in the EU

|

Meta said that in the coming weeks, users in the European Union (EU) will have the option to see "less personalized ads" when using the apps.

Meta fined $15.6 million

|

Meta was fined $15.6 million for illegally collecting sensitive data from Facebook users in Korea.

Meta develops its own AI search engine

|

Meta is currently developing an artificial intelligence-based search engine to reduce its dependence on Alphabet's Google and Microsoft's Bing.

Amidst the raging flood in Lai Chau, rescue forces stick to the scene to find missing people

|

Flash floods in Lai Chau have isolated many residential areas, and rescue forces are sticking to search for missing people.

A nearly 3-year-old boy in critical condition after studying at an intervention facility

|

Thanh Hoa - After a class at an intervention facility, a nearly 3-year-old boy was found to have many serious injuries and had to be hospitalized in critical condition.

Live football match Vietnam vs Myanmar international friendly

|

Live friendly match between Vietnam vs Myanmar at 7:00 PM today (July 18).

2026 World Cup Final: The battle of wits begins with personnel choices

|

Before the 2026 World Cup final, Luis de la Fuente and Lionel Scaloni both faced difficult personnel problems.

Meta offers a less advertising version of Facebook in the EU

Văn Thắng |

Meta said that in the coming weeks, users in the European Union (EU) will have the option to see "less personalized ads" when using the apps.

Meta fined $15.6 million

Văn Thắng |

Meta was fined $15.6 million for illegally collecting sensitive data from Facebook users in Korea.

Meta develops its own AI search engine

Văn Thắng |

Meta is currently developing an artificial intelligence-based search engine to reduce its dependence on Alphabet's Google and Microsoft's Bing.