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EU fines Meta €797 million over abusive practices benefiting Facebook Marketplace

CNBC
Summary
Nutrition label

74% Informative

European Commission fines Meta Platforms $840.24 million over abusive practices benefiting Facebook Marketplace .

Move comes two years after it accused U.S. tech giant of giving Facebook Marketplace an unfair advantage.

Facebook launched Marketplace in 2016 and expanded into several European countries a year later .

Companies risk fines of as much as 10% of their global turnover for antitrust violations.

VR Score

81

Informative language

86

Neutral language

43

Article tone

formal

Language

English

Language complexity

74

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

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