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Facebook, Meta
Meta Hit With $844M Fine Over 'Abusive' Facebook Marketplace Practices
Meta is in hot water in Europe once again. The European Competition Commission issued the Facebook and Instagram parent company with a fine on Thursday to the tune of 797.92 million euros ($844M) over "abuses practices.
Meta hit with $840 million fine for linking Facebook and Marketplace
The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.
E.U. fines Meta $840 million for ‘abusive practices’ on Facebook Marketplace
European enforcers accuse the tech giant of using its popular social network to unfairly advantage its classified ads business.
Meta must face antitrust trial by FTC
Meta will go to trial over WhatsApp and Instagram acquisitions
Facebook owner Meta Platforms must face trial in a lawsuit seeking its break up over claims it bought Instagram and WhatsApp to squash competition
FTC antitrust case against Meta can move to trial, court rules
A federal judge ruled Wednesday that a Federal Trade Commission lawsuit accusing Facebook owner Meta of holding an illegal monopoly over social media can proceed to trial, handing the agency a victory after previous setbacks in making its case in court.
Meta ordered to face FTC’s antitrust lawsuit over Instagram, WhatsApp acquisitions
A judge largely denied Meta's motion to end the case filed against Facebook in 2020 alleging that the company acted illegally to maintain its social network monopoly.
Yahoo
2h
Facebook's parent company, Meta, facing courtroom battle
On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses
Meta
of creating an illegal ...
Barron's
1h
EU Fines Meta $840 Million For 'Abusive' Facebook Ad Practices
The EU fined online giant
Meta
almost 800 million euros on Thursday for breaching antitrust rules by giving users of its ...
1d
on MSN
Meta will have to defend itself from antitrust claims after all
The Federal Trade Commission will get a chance to argue its case for Meta’s breakup in court. On Wednesday, US District Judge ...
1d
Meta to offer Facebook and Instagram users in Europe less personalized ads after pressure from regulators
Data from all of a user's previous time spent on Facebook or Instagram, which is typically combined to precisely target an ...
Startup Daily
1d
Facebook’s parent company, Meta, wins ‘Shonky’ award for not tackling scam ads
Scam ads are lucrative for scammers, but the money they steal from vulnerable people is also delivering plenty of cash to ...
5d
Will Meta Platforms Enact a Stock Split in 2025?
One company that has never split its stock but may consider doing so in 2025 is Meta Platforms ( META -0.40%), formerly known ...
3d
on MSN
Meta taps US, UK universities to test VR in education, creates digital twin ‘metaversities’ in Europe
Meta has launched a new partnership with a slew of universities in the U.S. and U.K., as it looks to ingrain VR across the ...
4d
on MSN
Mark Zuckerberg isn't personally liable for any harm caused to children by Facebook and Instagram, judge says
Over two dozen lawsuits accuse Mark Zuckerberg's platforms of being dangerously addictive to children.
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