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Article Summary
  • Meta fined $840 million for violating an order to help authorities investigate Facebook Marketplace
  • The fine was imposed by the European Commission for failing to provide accurate information during an investigation
  • Meta's failure to comply with the order resulted in the largest ever fine imposed by the EU
  • The investigation focused on whether Meta used data from advertisers to unfairly compete with other companies
  • Meta plans to appeal the decision and believes it has complied with the investigation
  • Tone: Informative
Check out the full article here.
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European Union
  Vice     1 week ago
Meta Fined $840 Million Over Abusive Practices On Facebook Marketplace
The European Commission, the primary governing body of the European Union, has fined Meta, the company that was Facebook and technically is Facebook but now has a different name that isnt Facebook, a staggering $840 million for breaching European Union antitrust laws. The EU says the social media giant unfairly promoted its classified ad service, […]The post
https://www.vice.com/en/article/meta-fined-840-mil...
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