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EU Slaps Meta With €798 Million Fine
Meta hit with $840 million EU fine over antitrust concerns
The European Commission, the executive arm of the European Union, has hit Meta, the company that owns Facebook, Instagram, and Threads, with a fine worth $840 million for what it classifies as an antitrust violation.
EU fines Meta $840 million over abusive practices benefiting Facebook Marketplace
Meta said the Commission claimed that Marketplace had the potential to hinder the growth of large incumbent online marketplaces in the EU.
Meta Fined €798 Mn By EU Over Antitrust Violations Tied To Facebook Marketplace
The European Commission has imposed a EUR 797.72 million (USD 840.24 million) fine on Meta Platforms, citing antitrust violations linked to its Facebook Marketplace service.In its statement, the EU argued that Meta violated competition rules by bundling Facebook Marketplace,
Meta must face antitrust trial by FTC
Meta will face antitrust trial over Instagram, WhatsApp acquisitions
Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break-up over claims that it bought Instagram and WhatsApp to crush emerging competition in social media,
Meta anti-trust lawsuit goes to trial
(CNN)– An antitrust case aimed at breaking up social media giant Meta is heading to trial. That is after a federal judge partly denied a request for summary judgment on Wednesday, Nov. 14, from the parent company of Facebook. The Federal Trade Commission alleges Meta overpaid for Instagram in 2012, and WhatsApp in 2014 to stifle competition.
Meta will go to trial over WhatsApp and Instagram acquisitions
Facebook owner Meta Platforms must face trial in a lawsuit seeking its break up over claims it bought Instagram and WhatsApp to squash competition
16h
Antitrust lawsuit against Meta heads to trial in effort to break up social media giant
An antitrust case aimed at breaking up social media giant Meta is heading to trial. That's after a federal judge partly ...
1d
Meta Will Get Its Unwanted Day in Antitrust Court
A federal judge ruled on Wednesday that an FTC complaint alleging that Facebook's acquisitions of Instagram and WhatsApp were ...
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