The European Union (EU) has slammed Meta with fine for the sum of $840 million for violating its antitrust laws by automatically allowing abusive ads on its social media platform Facebook.
By imposing unfair trading restrictions on other classified ad providers that promote on its platforms, Meta was accused by the European Commission of abusing its dominating position.
“This is illegal under EU antitrust rules. Meta must now stop this behaviour,” said Margrethe Vestager, the EU’s competition commissioner, in a statement.
