Meta Platforms Inc Class A (META)
EU fines Meta 798 mn euros for Facebook ad antitrust breach
The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace.
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Meta Fined $843 Million by EU Over Marketplace Ads
The Facebook owner said it would appeal the fine imposed by the EU's antitrust watchdog for allegations it illegally tied its Marketplace classified ads platform to its flagship social network.
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.
Europe fines Meta almost $840 million for linking Marketplace to Facebook
On Thursday, the European Commission fined Meta almost 798 million euros (about $840 million). It said Meta linked Facebook Marketplace to its social network and imposed unfair conditions on rivals.
Meta slapped with a €798M fine in Europe, its biggest yet
Meta, the parent of Facebook, Instagram and WhatsApp, has been hit with yet another huge fine in Europe, this time over abusive practices in Facebook Marketplace. The European Commission announced that it would fine it €797.72 million — nearly $840 million — for breaching EU antitrust rules connected to how it ties its online classified ads service, Facebook Marketplace, creating “unfair trading conditions” for other providers of classifieds online.
EU fines Meta €797 million over abusive practices benefiting Facebook Marketplace
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.
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Report: Meta Plans to Add Advertising to Threads
Meta reportedly plans to add advertising to its social media platform, Threads. The company's Instagram ad unit is spearheading the initiative, and a small number of advertisers will be allowed to publish on the app beginning in January, Seeking Alpha reported Wednesday (Nov. 13), citing a paywalled article from The Information.
Meta to introduce ads on Threads in early 2025, The Information reports
Meta Platforms plans to introduce advertisements to its social media platform Threads early next year, the Information reported on Wednesday, citing three people with direct knowledge of the plans.
Meta and Snap both unveiled augmented reality smart glasses
Meta and Snap are the first major players to unveil prototypes for AR glasses. But they're still years away from selling those devices to consumers.
