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Meta Fined $843 Million by EU
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.
Meta Fined $843 Million by EU Over Marketplace Ads
Meta Platforms said it would appeal an $843 million European Commission fine for allegedly tying its classified-ads platform to Facebook, undermining competition.The commission on Thursday fined the Facebook owner 797.
Meta Hit With $844M Fine Over 'Abusive' Facebook Marketplace Practices
The European Commission says the Facebook parent company is undermining rivals by embedding its classified ads platform within the social network.
Meta must face antitrust trial by FTC
Meta Must Face Trial After Judge Pares Some FTC Claims
Meta
Platforms Inc. will face a somewhat scaled-back antitrust trial over its alleged dominance of social networking after a federal judge threw out some allegations by the US Federal Trade Commission, but the heart of the case remains. In a 92-page order ...
Meta will go to trial over WhatsApp and Instagram acquisitions
Facebook owner Meta Platforms must face trial in a lawsuit seeking its break up over claims it bought Instagram and WhatsApp to squash competition
Meta ordered to face FTC’s antitrust lawsuit over Instagram, WhatsApp acquisitions
A judge largely denied Meta's motion to end the case filed against Facebook in 2020 alleging that the company acted illegally to maintain its social network monopoly.
Meta will reportedly bring ads to Threads
Brace Yourself for Ads on Threads in January
With X users flocking to alternatives after the US election, it may not be the worst time for Threads to cash in. 'At the end of the day, we're a business,' Instagram Head Adam Mosseri said in April.
Meta planning to introduce ads to Threads in early 2025, The Information reports
Meta plans to launch ads on Threads early next year, in an effort to cash in on the app’s swift growth, The Information’s Sylvia
Meta will reportedly bring ads to Threads as soon as January
Threads could start getting ads much sooner than Meta has let on. The company is now planning to bring ads to its newest app “early next year” with the first ads arriving in January of 2025, according to a new report in The Information.
Barron's
1h
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 ...
17h
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 ...
Forbes
9h
How The Meta-Reuters Deal Signals A New Era For AI And Media
technology in global digital content. Social media enthusiasts can now access real-time, trustworthy
news
through their ...
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