EU fines Meta €797 million over abusive practices benefiting Facebook Marketplace-March 2024-www.financetom.com

EU fines Meta €797 million over abusive practices benefiting Facebook Marketplace

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EU fines Meta €797 million over abusive practices benefiting Facebook Marketplace

Nov 15, 2024 12:49 PM

BRUSSELS, Nov 14 (Reuters) - The European Commission on

Thursday fined Meta Platforms ( META ) €797.72 million ($840.24

million) over abusive practices benefiting Facebook Marketplace,

it said in a statement, confirming an earlier report by Reuters.

Meta said in a statement that it will appeal the decision,

adding that the EU has offered no evidence of harm to

competitors or consumers.

($1 = 0.9494 euros)

(Reporting by Charlotte Van Campenhout, Supantha Mukherjee,

Editing by)

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