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EU Fines Meta €797M for Antitrust Violations in Facebook Marketplace Case

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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.

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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.


 

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First Lady Oluremi Tinubu Urges Super Falcons to Bring Home WAFCON Trophy

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Photo source: Google

Nigeria’s First Lady, Oluremi Tinubu, has urged the Super Falcons to give their all and bring home victory as they face hosts Morocco in the final of the 2024 Women’s Africa Cup of Nations at the Olympic Stadium in Rabat. With just 90 minutes standing between them and a record-extending 10th WAFCON title, the First Lady praised the team for their performance so far and encouraged them to finish strong.

In a video message shared on the Super Falcons’ official X account, she said, “My beautiful Super Falcons, congratulations on reaching the final. Your team spirit, dedication, and professionalism have been remarkable. You’ve become shining examples for young girls across Nigeria and Africa.”

She added, “As you take the field, may God grant you victory. Go and make us proud. Nigerians, including myself, are waiting to welcome you back with the trophy in your hands.”


 

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Abia State Unveils New Water Project in Okwoyi, Brings Relief to Residents

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Abia State recently welcomes new water project in Okwoyi Isieke Ibeku in Umuahia North LGA, for the first time in 130 years.

The project was carried out by the Abia State Ministry of Power and Public Utilities through the Abia Rural Water Supply And Sanitation Agency.

This project officially offered its residents clean and filtered water after many years of unclean water and unhealthy living.

The Abia State Commissioner for Power and Public Utilities, Ikechuckwu Monday, shared that this was a move to improve the living conditions of the residents and promote a healthy environment and living.


 

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Royal Family in Grief After Death of Literature Student and Cousin to Princes William and Harry

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The royal family, Prince William and Prince Harry, express sadness as they grieve over their 20-year-old cousin who passed away.

It was revealed that the young lady was found at the family’s home in Norton with a firearm found nearby. However, the involvement of a third party was ruled out after investigations were carried out.

The funeral has been scheduled for a later date, pending proper investigations. The family expressed grief as they mourn one of their own — a young lady who was a literature student at Durham University.


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