Join SyncTopic today. Our First 10,000 members will receive an exclusive Founders Badge to display on their profile. Hurry, this opportunity won't last long.
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
Article Summary Powered By SYNCTOPIC AI
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...
vice.com
Open
🡇 ADVERTISEMENT 🡇
Comments
Leave a comment...
Leave the first comment
Get the conversation started and share what you think about this story. Check below for more articles related to 'European Union'.
Related Articles
Russia Cuts Off Gas Supplies To European Union Nation
Russia and Austria have escalated a dispute between their major gas suppliers.
https://www.newsweek.com/russia-cuts-gas-supplies-...
Georgia Timber Farmers To Receive $100 Million Disaster Relief After Hurricane Helene
TREUTLEN COUNTY, Ga. Farmers and foresters in Georgia affected by Hurricane Helene will soon get state assistance to aid in clean-up efforts. Governor Brian Kemp recently approved $100 million in disaster relief loans and grants to help those impacted. Will and Alice Heath, who run a timber farm in Treutlen County specializing in longleaf ...
https://nutfieldnews.net/georgia-timber-farmers-to...
Negotiations Heat Up For EU To Buy More US LNG
The EU is urged to shift from Russian gas and increase imports of American liquefied natural gas (LNG), a move seen as key to strengthening Europes energy security. Experts suggest that President-elect Donald Trump’s threat of tariffs may have played a role in prompting the EU to reconsider its energy strategy, opening new opportunities for […]
https://www.ntd.com/negotiations-heat-up-for-eu-to...
Europe's Far-right Parties Are Multiplying Fast And Crowding Each Other Out
More than half of EU countries now have two or more anti-immigrant nationalist parties.
https://www.semafor.com/article/11/14/2024/europes...
Plagued By Crippling Green Regulations, EU Farmers Protest Free Trade Deal With Mercosur That May Decimate European Agrobusiness
https://www.thegatewaypundit.com/2024/11/plagued-c...
Uncertainty Is Rife In The European Natural Gas Market
With the current transit contract for Russian gas through Ukraine expiring at the end of this year, its now a desperate scramble for Slovakia, Hungary, and (to a lesser extent) Austria to secure new deals for alternative gas, while the rest of the European Union watches from the sidelines, simply hoping that new deals dont disrupt the market. The only silver lining is that EU gas storage is ...
https://oilprice.com/Energy/Energy-General/Uncerta...
🡇 ADVERTISEMENT 🡇
Former French President Calls For A United Europe After Trump Election Win
President-elect Donald Trump's election win last week has fueled fears of an impending economic nightmare for the European Union.
https://www.cnbc.com/2024/11/15/franois-hollande-c...
U.S. Protectionism Could Undermine Modest Growth Forecast For Eurozone, Says EU Commission
FRANKFURT, Germany (AP) Europe’s economy has left stagnation behind but is headed for only modest growth in coming months as consumers regain some of the purchasing power they lost to inflation, the European Union’s executive commission said Friday. The bloc’s economy remains at risk from protectionist moves by major trading partners, the report said. U.S. presi...
https://kstp.com/kstp-news/business-news/u-s-prote...
Marine Le Pens Political Future At Risk Amid Paris Fraud Trial
Marine Le Pen, the leader of France’s National Rally party, could face jail time and a ban from holding elected office due to allegations of fraud against hera significant development given her party’s recent success in the EU elections. The case could impact her political future as she continues to lead a prominent opposition movement […]
https://www.ntd.com/marine-le-pens-political-futur...
EU Economy Lags Behind US Economy
America’s GDP is 50 percent larger than the entire EU’s GDP, whereas back in 2008 they were roughly the same size. Analysts point to one key difference: the amount of regulation.
https://www.ntd.com/eu-economy-lags-behind-us-econ...
U.S. Looks To Ensure Long-Term Demand For Its LNG In Europe
The United States is looking to keep its LNG flowing to Europe in the long term when the EU will have standards for methane emissions for all imported fossil fuels. The EUs methane regulation will require imports of oil and gas, including LNG, to have equally strong or more stringent requirements of thresholds for these emissions than the European Union, starting in 2030. These requirements, ye...
https://oilprice.com/Energy/Natural-Gas/US-Looks-t...
🡇 ADVERTISEMENT 🡇
EU Fines Meta Nearly One Billion For Abusive Facebook Marketplace Practices.
https://thenationalpulse.com/2024/11/14/eu-fines-m...
Ticker: Biogen Alzheimers Drug Gets Second Look In EU; Ford Takes $165M Hit On Slow Recall
A European regulatory committee now recommends approval of the Alzheimer's treatment lecanemab a few months after rejecting the drug.
https://www.bostonherald.com/2024/11/14/ticker-bio...
Daily On Energy: France Exits COP29, EU Delays Deforestation Ban, And Hickenlooper Optimistic
WHATS HAPPENING TODAY: Good afternoon and Happy Thursday, readers! In todays edition of Daily on Energy, Callie and Maydeen continue to cover new developments coming from the UNs climate conference in Azerbaijan. We also take a look at the European Union delaying the deadline for companies and countries to comply with its controversial deforestation import […]
https://www.washingtonexaminer.com/daily-on-energy/3230496/daily-on-energy-franc...
Meta Hit With $840 Million EU Fine Over Antitrust Concerns
The European Commission, the executive arm of the European Union, has hit Meta, the company that owns Facebook, Instagram, and Threads, with a fine worth $840 million for what it classifies as an antitrust violation. The fine amounts to 797.72 million, or more than $840 million, and was issued by the commission for “imposing unfair […]
https://www.washingtonexaminer.com/news/3230202/meta-hit-with-840-million-eu-fin...
Why The EU Might Suddenly Get Serious About Foreign Policy
Josep Borrell takes one final shot at Israel before being replaced by a former Estonian PM.View Post
https://www.commentary.org/seth-mandel/why-the-eu-...
🡇 ADVERTISEMENT 🡇
EU Fines Meta $840 Million For 'abusive' Facebook Ad Practices
The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network auto...
https://www.rawstory.com/eu-fines-meta-840-million-for-abusive-facebook-ad-pract...
Meta Fined 798 Million Euros ($846m) For Breaking EU Antitrust Rules
EU says Meta automatically ties its ad service - Facebook Marketplace - to Facebook, creating an unfair advantage.
https://www.aljazeera.com/news/2024/11/14/meta-fin...
EU Fines Facebook Parent Meta Nearly 800 Million Euros Over 'abusive' Marketplace Practices
https://www.post-gazette.com/news/crime-courts/202...
NATO And The EU Press China To Help Stop North Korea's Support For The War On Ukraine
NATO and the European Union are ramping up pressure on China
https://abcnews.go.com/International/wireStory/nat...