News
EU Fines Meta €797M for Antitrust Violations in Facebook Marketplace Case
The European Union has fined Meta €797.72 million for violating antitrust laws by integrating Facebook Marketplace into its social media platform, giving it an unfair advantage over competitors.
The European Commission accused Meta of abusing its dominant position by automatically granting Facebook users access to Marketplace and imposing unfair trading conditions on rival classified ad providers advertising on Facebook.
“This behavior is illegal under EU antitrust rules. Meta must now stop,” said Margrethe Vestager, the EU’s competition commissioner.
Meta announced plans to appeal the decision, arguing it misrepresents competition in Europe.
“Users choose to engage with Marketplace voluntarily,” Meta stated, dismissing allegations of leveraging competitor ad data for Marketplace’s benefit.
The fine, one of the EU’s largest against Big Tech, reflects the “duration and gravity” of the violations. It comes as the EU intensifies its regulatory scrutiny through measures like the Digital Services Act and Digital Markets Act.
This decision follows earlier actions against Meta, including accusations of forcing users into data-sharing agreements under a “pay or consent” system.
To address regulatory concerns, Meta recently introduced less targeted ads for free users in the EU and reduced prices for its ad-free subscriptions.
Nigerians reacts to President Tinubu trip to UK and lament that the timing is just bad. The timing of the trip and the arising crises occurring in the country.
It can be noted that the President, his wife and some other officials followed him on the trip.
And the public has shouted that we need the officials here in the country in the crises, asking who will help to manage the state of things as they are all going at once.
People shared their displeasure with a large crowd following the president to another country and leaving Nigeria in this state.
Federal Government in Nigeria has declared March 19th and 20th as public holidays for the end of Ramadan.
This was revealed by the Minister of Interior, Olubunmi Tunji-Ojo. He made this announcement on behalf of the Federal Government.
He wished Muslims a joyful Eid al-Fitr celebration.
It has been reported that President Bola Ahmed Tinubu has departed to London.
The Nigerian leader is travelling ahead of a state visit to the United Kingdom. The purpose of this visit is to strengthen bilateral relations and explore avenues for collaboration on issues such as immigration, trade, investment, and cultural exchange.
Amid this travel, the fuel prices still remain increased and many of the public are still there.
Nigerians react to the news, stating that he is leaving Nigerians once again to suffer with the current state of things before he returns.
They are calling out for him to do something and change about the fuel.
Beauty in Black Returns with More Twists and Drama
Singer Asake Turned Down Studying Abroad — Mother Reveals
Paul Merson Advises Mikel Arteta Ahead of Sunday’s Match
-
News12 hours agoOutrage as Officials Travel with President Tinubu During Crisis
-
Entertainment11 hours agoActor Kehinde Olasehinde “Pa James” Opens Up on Career Struggles
-
Sport10 hours agoPaul Merson Advises Mikel Arteta Ahead of Sunday’s Match
-
Entertainment8 hours agoBeauty in Black Returns with More Twists and Drama
-
Entertainment9 hours agoSinger Asake Turned Down Studying Abroad — Mother Reveals
-
Sport11 hours agoJoleon Lescott Backs Arsenal Ahead of Sporting Clash