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EU Slaps Meta With €798 Million Fine
EU Fines Meta $840 Million Over Classified Ads Business
An EU commission alleged that Meta leveraged its dominance in social networking to gain an unfair advantage in online classified ads.
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.
EU slaps Meta with a nearly 800 million euro fine for engaging in ‘abusive’ Marketplace practices
European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business.
6h
on MSN
Meta to Appeal Orders Letting Schools, States Sue Over Addiction
Meta Platforms Inc. said it intends to appeal court rulings allowing dozens of states and hundreds of school districts across ...
1d
AI Powers Meta’s Strong Q3 Growth: Profits Soar
Ad revenue reached $39.9 billion, increasing 19% YoY, boosted by AI-driven ad targeting and improved ad impressions.
6h
Latest Meta Quest 3 YouTube app update finally adds an essential VR social feature
VR gaming, like gaming in general, is always more fun with friends. Hopping into Just Dance VR is fine, but taking it on in a ...
14h
on MSN
ValueAct's top Q3 trades feature new Meta, Visa stakes, KKR, Spotify exits
ValueAct Holdings opened fresh equity stakes in Live Nation Entertainment (NYSE:LYV), with 1.01M shares, Visa (NYSE:V), with ...
15h
on MSN
Meta Platforms Inc. stock underperforms Thursday when compared to competitors
Shares of Meta Platforms Inc. dropped 0.49% to $577.16 Thursday, on what proved to be an all-around poor trading session for ...
8h
WhatsApp 'message drafts' are the missing piece Meta is finally rolling out
According to a press release, the company is launching "Message Drafts" for the WhatsApp platform. Meta's CEO Mark Zuckerberg ...
1d
Meta Offers Less Personalised Ads for EU Users to Appease Regulators
Personalised advertising boosts revenue for companies, Meta said in a press release. It referenced an in-house study showing ...
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