Meta slapped with a €798M fine in Europe, its biggest yet
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Meta, the parent company of Facebook, Instagram, and WhatsApp, has been fined €798 million by the European Commission for antitrust violations related to Facebook Marketplace. This is Meta's largest fine in Europe to date.
November 14, 2024 | 2:15 pm
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Meta has been fined €798 million by the European Commission for antitrust violations related to Facebook Marketplace, marking its largest fine in Europe.
The fine is significant in size and relates to antitrust violations, which could impact Meta's financials and reputation. The market may react negatively to this news, leading to a potential short-term decline in Meta's stock price.
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