EU Fines Meta $840 Million for Unfair Trading on Facebook Marketplace

Meta refuted European Commission’s claim, said that ‘people use Facebook Marketplace because they want to, not because they have to.’

A Facebook privacy tab is displayed on a computer screen showing a Facebook Help Centre page in Ottawa on Sept. 10, 2024. The Canadian Press/Sean Kilpatrick

Meta has been fined 797 million euros ($840 million) by the European Commission for “abusive practices” which unfairly benefited Facebook Marketplace.

In a statement published on Nov. 14, the commission said it had fined the U.S. tech giant, “for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers.”