
Meta has been fined by the EU with 798 million euros for violating competition law by introducing Facebook Marketplace into its social network.
The European Commission said this meant alternative classified ad services faced "unfair trading conditions", making it harder for them to compete, CNN reports.
In addition to the fine, she has ordered Meta to stop imposing these conditions on other services. Meta said he rejected the Commission's findings and would appeal.
EU antitrust chief Margrethe Vestager said Facebook had hampered other providers of online classified advertising services.
It said Meta "must stop this behaviour", with the EU asking the firm to "refrain from repeating" the breach. Meta said the Commission had provided "no evidence" of harm to competitors or consumers.
The decision is the result of an investigation the Commission opened in 2021 after Meta's rivals complained that Facebook Marketplace gave them an unfair advantage.
Meta has not previously faced a fine from the EU under competition rules – although it was told to pay €110 million in 2017 for failing to provide accurate information when it bought WhatsApp.
The Irish Data Protection Commissioner previously fined Meta more than €1 billion for mishandling people's data when it was transferred between Europe and the United States.
And it also had to pay a £50m fine in 2021 when the UK's Competition and Markets Authority (CMA) accused it of willful breach of rules over its bid to buy Gif-maker Giphy - and in ultimately required her to sell the company entirely.
The decision comes as regulators are taking a tougher stance on major tech companies around the world, with the US government considering a breakup of Google.
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