Insider: Meta Platforms Faces Huge EU Fine for Allegedly Dominating Classified Advertising Market

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September 18, 2024
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According to informed sources, Meta Platforms is facing a hefty fine from the European Union for allegedly dominating the classified advertising market. The EU regulators will accuse Facebook's parent company of tying its free marketplace services to its social network, thereby weakening its competitors. Reports suggest that the EU could make a decision as early as next month, marking one of the final investigations overseen by outgoing EU competition chief Margrethe Vestager. (FT)

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