Meta fined $840 million by EU

Văn Thắng (Theo Reuteus) |

The EU fined Meta 797.72 million EUR (about 840 million USD) for bundling its Marketplace marketplace with Facebook, setting unfair commercial conditions for competitors.

On November 14, EU Competition Commissioner Margrethe Vestager said that by linking Facebook to Marketplace, Meta had “imposed unfair commercial conditions” on other providers. Meta did so to exploit its Marketplace service, giving it an advantage that others could not match, and this was illegal.

Meta doi mat voi so tien phat len den hang ti USD tai chau Au. Anh: AFP
Meta faces billion-dollar fines in Europe. Photo: AFP

Meta said it would appeal, pointing out that “the European Commission's decision provides no evidence of competitive harm to rivals or any harm to consumers.”

The EU's long-running antitrust investigation into Meta was launched in 2019, following accusations from rivals that the US tech giant was abusing its dominance by offering free services while profiting from the data it collects on its platform.

Cuoc dieu tra chong doc quyen keo dai cua EU doi voi Meta duoc khoi dong vao nam 2019. Anh: AFP
The EU's long-running antitrust investigation into Meta was launched in 2019. Photo: AFP

This is one of the last investigations overseen by Ms. Vestager, who is leaving the committee in the coming weeks after a decade on the job. During her tenure, Ms. Vestager has repeatedly targeted the world’s largest technology companies: Apple, Google and Microsoft.

Facebook Marketplace, launched in 2016, is a popular platform for buying and selling used items, especially household items like furniture.

Meta is facing billions of dollars in fines in Europe for a series of violations in recent years. The EU announced the penalty against Meta amid a transition of power in the US and Europe.

Day se la mot trong nhung cuoc dieu tra cuoi cung duoc Giam doc canh tranh EU - ba Margrethe Vestager giam sat. Anh: AFP
This will be one of the last investigations overseen by EU competition chief Margrethe Vestager. Photo: AFP

Over the past five years, regulators in the European Union have passed landmark legislation called the Digital Markets Act – aimed at reining in Big Tech and boosting the local tech industry.

Văn Thắng (Theo Reuteus)
TIN LIÊN QUAN

Meta offers ad-less version of Facebook in 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 apps.

Meta fined $15.6 million

|

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

Meta develops its own AI search engine

|

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

Update on the closing price of gold on November 15: Gold rings increase

|

Updated gold price closing session 11/15 reversed to increase in both domestic and world markets.

Storm Usagi heads straight to the East Sea as storm number 9, level 12 gusts

|

This afternoon (November 15), storm Usagi entered the northeastern sea of ​​the North East Sea, becoming storm number 9 in 2024.

Additional 800 billion VND to build new Phong Chau bridge

|

Add 800 billion VND to the Ministry of Transport to implement the investment project to build the new Phong Chau bridge, the project must be completed by December 31, 2025 at the latest.

Proposal for civil servants to retire early and keep their pensions

|

The Ministry of Home Affairs proposes that officials who do not meet the age requirements for re-election or reappointment and retire early will not have their pension rate deducted due to early retirement.

Ho Chi Minh City merges wards, changes documents for free for 800,000 people

|

Ho Chi Minh City merged 80 wards in 10 districts into 38 new wards, affecting 800,000 people, especially related to changes in administrative documents.

Meta offers ad-less version of Facebook in 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 apps.

Meta fined $15.6 million

Văn Thắng |

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

Meta develops its own AI search engine

Văn Thắng |

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