EU fined 'Facebook Marketplace' 1 trillion...Meta's Strong Rebellion

The European Commission has fined Facebook's parent company Meta 797 million euros and 1.8 trillion won for violating anti-trust laws.

Meta has linked its second-hand trading platform "Marketplace" to Facebook, creating an unfair trading environment for other peer service providers, the executive committee said in a news release.

"Whether Facebook users want it or not, they automatically access and automatically expose themselves to the 'Facebook Marketplace'," the executive committee said. "This provides a significant distribution advantage that other competitors cannot keep up with."

It also pointed out that data from other online classification advertisers advertising on Facebook and Instagram could be used to favor "marketplaces."

Meta immediately issued a statement and said it would raise objections.

Meta has failed to prove it causes "competitive harm" to competitors and consumers, and has pushed back that it is turning a blind eye to the reality of Europe's growing online classification advertising market.