Audio By Carbonatix
Meta has been fined €798m (£664m) for breaking competition law by embedding Facebook Marketplace within its social network.
The European Commission said this meant alternative classified ads services had faced "unfair trading conditions", making it harder for them to compete.
In addition to the fine, it has ordered Meta to stop imposing these conditions on other services.
Meta said it rejected the Commission's findings and would appeal.
EU antitrust head Margrethe Vestager said Facebook had impeded other online classified ads service providers.
"It did so to benefit its own service Facebook Marketplace, thereby giving it advantages that other online classified ads service providers could not match," she added,
She said Meta "must stop this behaviour", with the EU asking the firm to "refrain from repeating" the infringement.
Meta said the Commission had provided "no evidence" of harm either to competitors or consumers.
"This decision ignores the market realities, and will only serve to protect incumbent marketplaces from competition."
The ruling is the result of an investigation that the Commission opened in 2021 after Meta's rivals complained that Facebook Marketplace gave it an unfair advantage.
Fine, fine, fine
Meta has not previously faced a fine from the EU over competition rules - though it was told to pay €110m in 2017 for not handing over correct information when it purchased WhatsApp.
The Irish Data Protection Commissioner has also previously fined Meta more than €1bn over mishandling people's data when transferring it between Europe and the United States.
And it also had to pay a comparatively tiny £50m in 2021, when the UK's Competition and Markets Authority (CMA) accused it of deliberately breaking rules over its attempt to acquire Gif-maker Giphy - and ultimately demanded it sell the company altogether.
The decision comes as regulators are taking a firmer stance with big tech companies worldwide, with the US government considering a breakup of Google.
Latest Stories
-
GOC, GFA chart Olympic qualification roadmap for Black Queens, Black Meteors
52 seconds -
Absa InspireMe 2026 highlights opportunities for women-led business growth
2 minutes -
The only thing that flows regularly is THE BILL
7 minutes -
KGL U17 Colts 2026: Prempeh Elite Academy lead Group A as Western Region secures top spot in Group B
10 minutes -
‘You’ve never been touched by any scandal’ – Gabby celebrates Bawumia on his 63rd birthday
11 minutes -
WPL 2026/27: GFA unveils dates for start of new season as Ampem Darkoa Ladies begin title defence
19 minutes -
Ghana Embassy in Washington pays tribute to late academic Dr Kofi Akamani
20 minutes -
Ibrahim Mahama urges Ghanaians to overcome fear and venture into business
32 minutes -
2026 U-17 WWC: Black Maidens lose to China in pre-tournament friendly
36 minutes -
Who gave Gbande the EOCO remote control?
57 minutes -
Ghana begins review of 1999 National Land Policy, targets new framework by 2027
2 hours -
Tiptoe Lane’s tech takeover: The story behind Ghana’s booming informal phone market
3 hours -
Abanga vows to use social media to counter NDC messaging ahead of 2028 elections
3 hours -
Okai Mintah seeks Sabah Zita Benson’s support for NDC National Youth Organiser bid
3 hours -
Okai Mintah vows to strengthen NDC campaign machinery ahead of 2028
3 hours