The European Commission has fined Meta €797.72 million after saying the tech giant's Marketplace held an unfair advantage.

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Meta said it would appeal, saying the decision ignored "the realities of the thriving European market for online classified listing services.

The European Commission fined Meta $797.72 million euro on Wednesday for abusing its dominant position and breaching EU Antitrust rules. The EU opened these proceedings against Meta in 2021 for the ...

Meta said it will appeal the decision, but in the meantime, it will comply and will work quickly and constructively to launch ...

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The penalty stems from Meta's integration of Facebook Marketplace into its main platform, which the EU Commission argues gave ...