💨 Abstract

The European Commission fined Meta (Facebook) €797.72 million for breaching EU antitrust rules by tying its Facebook Marketplace to its personal social network and imposing unfair trading conditions on competitors. The commission stated that this ties gives Facebook Marketplace a substantial distribution advantage, potentially foreclosing competitors. Meta plans to appeal the decision, arguing that it responds to consumer demand and does not harm rivals or consumers.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖