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.

Cold air strengthens, forecast for rain in the area on January 3-4.1

|

It is forecasted that the south of the North Central region will have rain, showers, locally moderate rain, heavy rain and thunderstorms on January 3 - 4 due to the impact of cold air.

After a New Year's Eve drinking party, a series of drivers violated the maximum alcohol concentration limit

|

Hanoi - Many drivers believe that they have been drinking alcohol since last night, drinking little, but the measurement results show that the alcohol concentration is very high.

Tan Beo's family responds to the case of not inviting Tan Bo to his grandson's wedding

|

According to the reporter's investigation, it is true that artist Tan Beo's family did not invite Tan Bo to Tan Loc's wedding ceremony, but there is a deep reason.

Vietnamese organ transplants mark the world medical map

|

From multiple organ transplants to the first heart-lung transplant, 2025 marked a strong breakthrough for Vietnamese organ transplantation on the world medical map.

Hanoi is about to recover land to build Ring Road 3.5, Provincial Road 70

|

Hanoi - In 2026, Dai Thanh commune will deploy land acquisition and site clearance to deploy the construction of Ring Road 3.5 and Provincial Road 70.

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.