Meta Faces Heavy EU Antitrust Penalty Over Classified Ad Norms
The decision is likely to be declared next month
By: : Linda John
Update: 2024-09-18 07:00 GMT
Meta Faces Heavy EU Antitrust Penalty Over Classified Ad Norms
The decision is likely to be declared next month
Meta Platforms Inc faces a substantial fine in the European Union over its alleged efforts to dominate the classified advertising market.
EU regulators claimed that Facebook's parent company, Meta, linked its free marketplace services with social networks to undermine its rivals.
The bloc's decision is likely to be declared next month. It would mark one of the final investigations overseen by Margrethe Vestager, EU's outgoing competition chief.