EU fines Meta 798 mn euros for Facebook ad antitrust breach
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The European Union has fined Meta 798 million euros for breaching antitrust rules by automatically giving Facebook users access to its Marketplace service.

November 14, 2024 | 3:30 pm
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Meta has been fined 798 million euros by the EU for antitrust violations involving Facebook Marketplace.
The significant fine imposed by the EU for antitrust violations is likely to negatively impact Meta's stock price in the short term. The fine is substantial, and the regulatory action highlights ongoing scrutiny of Meta's business practices, which could lead to investor concerns.
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