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.

91-year-old woman in Hanoi receives support after Lao Dong Newspaper article

|

After the article by Lao Dong Newspaper, a 91-year-old woman in Hanoi has received a new allowance for January, February and March, with a level of 650,000 VND per month.

AI cameras support Hanoi traffic police to maintain traffic flow on the days leading up to Tet

|

Hanoi - AI camera data in real time helps traffic police forces flexibly operate traffic lights, remote traffic diversion...

Opposition party raises doubts in Thai election

|

Leaders of the Thai People's Party admitted defeat according to preliminary results, but called for an investigation into unusual signs to ensure the transparency of the election.

Truck bursts into flames on Vinh Hao - Phan Thiet expressway

|

Lam Dong - A truck traveling on the Vinh Hao - Phan Thiet expressway suddenly caught fire fiercely.

Large fire at a charity house in Bac Ninh

|

Bac Ninh - On the morning of February 10, a fire broke out at the Huong La charity house (Luong Tai commune), burning down about 80m2.

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.