Meta to Be Hit by EU Antitrust Order in Marketplace Fight
- Potential EU order could be accompanied by heavy fine
- EU regulators earlier warned Facebook abused its dominance
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Meta Platforms Inc. is facing its first European Union fine over allegations it abused its dominance in the classified ad market by tying Facebook Marketplace to its social network.
As part of the upcoming EU order — set to be issued in the coming months — European Commission regulators could also tell Facebook that it’ll have to create a separate version of its classified ads platform, according to people familiar with the matter. This would allow users to log into Facebook Marketplace without having to go through the social media platform.