The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters.

Summary

The European Commission fined Meta €797.72 million ($840.24 million) for antitrust violations, alleging Meta unfairly tied Facebook Marketplace to its social network and imposed restrictive conditions on competitors.

The EU argues that bundling Facebook with Marketplace gave Meta’s ad service an unfair advantage, a practice it has scrutinized since 2021.

Meta plans to appeal but will comply and seek a solution addressing EU concerns.

Meta disputes the findings, arguing that users can choose not to use Marketplace and that there’s no evidence of harm to competitors.