Overview

• The European Commission fined Meta €797.72 million for anti-competitive practices by integrating Facebook Marketplace with Facebook.
• The Commission found that Meta's practices gave Facebook Marketplace an unfair advantage over rival classified ad services.
• Meta has been accused of using data from ads on Facebook and Instagram to benefit its Marketplace service.
• Meta plans to appeal the decision, arguing that the ruling ignores the competitive nature of Europe's classifieds market.
• This fine is part of a broader EU crackdown on Big Tech, with Meta previously facing other significant fines in Europe.