Meta, the parent company of social networking site Facebook, has faced calls to do more about financial scams on its platforms.
The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters.
"The European Commission has fined Meta ... 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," the European Commission said.
The move by the European Commission comes two years after it accused the U.S. tech giant of giving its classified ads service Facebook Marketplace an unfair advantage by bundling the two services together.
The EU decision argues that Meta imposes Facebook Marketplace on people who use Facebook in an illegal "tie" but Meta said that argument ignores the fact that Facebook users can choose whether to engage with Marketplace, and many do not.
Persons:
Meta
Organizations:
Facebook, European, Reuters, European Commission, Meta, European Union
Locations:
U.S