Meta fined for anti-competitive practices
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•EU fines Meta €797 million over abusive practices benefiting Facebook Marketplace
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.
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