{"id":48228,"date":"2024-11-14T16:21:34","date_gmt":"2024-11-14T16:21:34","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules"},"modified":"2024-11-14T17:10:21","modified_gmt":"2024-11-14T17:10:21","slug":"eu-fines-meta-841m-for-breaching-antitrust-rules","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules","title":{"rendered":"EU fines Meta $841M for breaching antitrust rules"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>The European Commission has hit Meta, Facebook\u2019s parent company, with a massive \u20ac797.72 million ($841 million) fine for breaking EU antitrust regulations.<\/p>\n

According to the commission, Meta unfairly boosted its online classified ads service, Facebook Marketplace, by connecting it directly to the main Facebook app.<\/p>\n

It also cited Meta\u2019s imposition of \u201cunfair trading conditions\u201d on other online classified ad providers.<\/p>\n

Meta\u2019s flagship social network, Facebook, automatically includes Facebook Marketplace, which lets users buy and sell goods. This setup means all Facebook users get Marketplace access without having to sign up for it, giving Marketplace an unfair advantage over competing services.<\/p>\n

The EU said this automatic tie-in makes it harder for other online classified ad services to compete since they do not have the same reach.<\/p>\n

The commission also found that Meta put other online ad companies at a disadvantage by using data from their ads on Facebook and Instagram to benefit only Facebook Marketplace. This gave Meta\u2019s service extra leverage over its rivals, making it even tougher for competitors to keep up.<\/p>\n

Alongside the fine, the European Commission ordered Meta to stop these practices immediately and avoid similar actions in the future.<\/p>\n

For More News And Analysis About Lesotho Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. The European Commission has hit Meta, Facebook\u2019s parent company, with a massive \u20ac797.72 million ($841 million) fine for breaking EU antitrust regulations. According to the commission, Meta unfairly boosted its online classified ads service, Facebook Marketplace, by connecting it directly to the main Facebook app. It also cited Meta\u2019s imposition of \u201cunfair […]<\/p>\n","protected":false},"author":84,"featured_media":48227,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[4688,186,245,1512],"class_list":["post-48228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-antitrust-regulations","tag-facebook","tag-lesotho","tag-meta"],"yoast_head":"\nEU fines Meta $841M for breaching antitrust rules - Lesotho<\/title>\n<meta name=\"description\" content=\"The European Commission has hit Meta, Facebook\u2019s parent company, with a massive \u20ac797.72 million ($841 million) fine for ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU fines Meta $841M for breaching antitrust rules\" \/>\n<meta property=\"og:description\" content=\"The European Commission has hit Meta, Facebook\u2019s parent company, with a massive \u20ac797.72 million ($841 million) fine for ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-11-14T16:21:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-14T17:10:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/11\/sm_1731591407.903275.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"864\" \/>\n\t<meta property=\"og:image:height\" content=\"486\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"EU fines Meta $841M for breaching antitrust rules\",\"datePublished\":\"2024-11-14T16:21:34+00:00\",\"dateModified\":\"2024-11-14T17:10:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules\"},\"wordCount\":214,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2024\/11\/sm_1731591407.903275.jpg\",\"keywords\":[\"antitrust regulations\",\"Facebook\",\"Lesotho\",\"Meta\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/eu-fines-meta-841m-for-breaching-antitrust-rules\",\"name\":\"EU fines Meta $841M for breaching antitrust rules - 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