The European Commission (EC) has issued a fine of €797.72 million or approximately 29 billion baht on Meta regarding the Facebook Marketplace service for engaging in anti-competitive behavior.
Investigations into Meta by the EC began in 2021, stating that various websites offering classified ads are also customers of Facebook, purchasing advertisements on the platform. However, Facebook itself provides the service of posting ads for buying and selling goods on Facebook Marketplace. This raised concerns whether Facebook has an unfair advantage over its competitors, to which the EC concluded that there was indeed anti-competitive behavior.
Meta has responded to this order by confirming that the company did not use competitor website data to gain an advantage and has safeguards in place to prevent such actions. This decision is based on speculation without clear evidence, and the company will be appealing against it.
Source: European Commission and Meta
TLDR: The European Commission fined Meta for anti-competitive behavior related to Facebook Marketplace. Meta denied using competitor data and will appeal the decision.
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