Meta Fined $840 Million in Europe for Boosting Marketplace Unfairly

Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service. Social Media, E-Commerce, Online Advertising, Computers and the Internet, Regulation and Deregulation of Industry, Antitrust Laws and Competition Issues, Fines (Penalties), Suits and Litigation (Civil), European Union, Facebook Inc, Meta Platforms Inc, Vestager, Margrethe, Europe Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service. NYT > Business

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