Meta to Appeal EC Decision in Facebook Marketplace Antitrust Case
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Meta plans to appeal the European Commission's decision to fine it 797.72 million euros for allegedly violating EU antitrust rules by tying Facebook Marketplace to Facebook.
November 14, 2024 | 4:45 pm
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Meta is appealing a significant fine imposed by the European Commission for antitrust violations related to Facebook Marketplace. The fine amounts to 797.72 million euros.
The European Commission's fine of 797.72 million euros is a substantial financial penalty, which could negatively impact Meta's stock price in the short term. The appeal process introduces uncertainty, which may also weigh on investor sentiment.
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