Meta could face massive EU fines over Marketplace competition
mediastack
2024-09-18 12:00
Meta could face massive EU fines over Marketplace competition
Meta is once again at risk of getting fined heavily by the European Commission. The bloc's regulatory arm is preparing its findings that Meta linked its Marketplace service to Facebook to undermine competitors, the Financial Times reports, citing sources familiar with the case.If found guilty, Meta could be on the hook for 10 percent of its global annual revenue — a number that reached almost $135 billion last year. However, the fine could be much smaller, and Meta will almost certainly appeal it.The Commission launched its initial probe in 2019, announcing its preliminary findings three...

https://www.engadget.com/big-tech/meta-could-face-massive-eu-fines-over-marketplace-competition-113033743.html?src=rss

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