Regulatory Action
The imposed a €797.72 million ($841 million) fine on Meta for abusing its dominant position and engaging in anti-competitive practices, particularly with its Marketplace service.
Accusations included distorting competition by tying to its social network and imposing unfair trading conditions, such as using ad-related data from competitors.
Meta's Response and Future Actions
Meta plans to appeal the decision, arguing that the EU failed to prove any competitive harm and disregarded the realities of the European market for online classified listings.
Despite the appeal, Meta stated its intention to comply with the decision and work on solutions to address the EU's concerns.