EU Fines Meta €800 Million For 'Abusive' Ad Practices On Facebook
European Union regulators have fined Meta with a penalty of nearly 800 million euros for what they call "abusive practices" involving its Facebook marketplace online classified ads business. According to the European Commission, the US tech titan also abused its dominant position by imposing unfair trading conditions on other online classified ads service providers that advertise on its platforms. Meanwhile, the Federal Trade Commission (FTC) is reportedly readying an investigation into whether Microsoft used anti-competitive tactics to maintain a dominant position in the cloud market.
