Meta Platforms has been fined nearly €800 million by the European Commission over “abusive practices” benefiting Facebook Marketplace, its online classified ads service.

The European Union regulator said Meta had breached competition rules by tying the ads business to the Facebook social network, which the commission claimed gave Facebook Marketplace an unfair advantage over rivals

Read the full story: https://www.thetimes.com/business-money/companies/article/meta-fined-800m-for-breach-of-eu-competition-law-9rwj9cp5rutm_medium=Social&utm_source=Facebook#Echobox=1731671663