The European Commission fines Meta €797 million.
Meta Platforms fined €797.72 million for abusing Facebook Marketplace
The European Commission has fined Meta Platforms €797.72 million for abusing its position in favor of Facebook Marketplace. The company violated antitrust rules by tying its online advertisement service Facebook Marketplace to its personal social network Facebook and imposing unfair conditions on other online advertisement service providers, the European Commission reports.
Meta plans to appeal the decision and will comply with the imposed restrictions
Meta plans to appeal the decision, claiming that the European Commission failed to find sufficient evidence of harm to competitors. However, for now, the company will comply with the restrictions imposed on it.
Meta Platforms faces lawsuits in Japan over fraudulent advertising
Meta Platforms Inc. is also facing lawsuits in Japan over fraudulent advertising that attracted investments through fake endorsements by celebrities. 30 plaintiffs are seeking 435 million yen ($2.8 million) in compensation.
Meta Platforms removed a network of group accounts before elections in Moldova
Meta Platforms removed a network of group accounts targeting Russian-speaking residents of Moldova before the country's elections on October 20 due to violations of the company's policy on fake accounts.
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