Meta Faces Potential EU Fine for Anti-Competitive Practices in Marketplace

The European Commission may impose a significant penalty on Meta for allegedly linking its Marketplace service with Facebook to hinder competitors.

Meta Platforms is under investigation by the European Commission for allegedly monopolizing the classified advertising market.
The EU regulators claim Meta is linking its free Marketplace service with Facebook to disadvantage rivals.
If found guilty, Meta could face a fine of up to 10% of its global annual revenue, which was nearly $135 billion last year.
The decision, which could be announced as soon as next month, will be one of the last overseen by outgoing competition chief Margrethe Vestager.
Meta has stated that the European Commission's claims are unfounded and is cooperating with regulators to demonstrate that its practices are competitive and consumer-friendly.