European Union: Issued European Commission ruling imposing EUR 797.72 million on Meta for anti-competitive usage of collected advertising data for Facebook Marketplace
Description
Issued European Commission ruling imposing EUR 797.72 million on Meta for anti-competitive usage of collected advertising data for Facebook Marketplace
On 14 November 2024, the European Commission fined Meta EUR 797.72 million for violating the prohibition on abuse of a dominant market position established under Article 102 of the Treaty on the Functioning of the European Union (TFEU) and Article 5…
Scope
Policy Area
Competition
Policy Instrument
Unilateral conduct regulation
Regulated Economic Activity
online advertising provider
Implementation Level
supranational
Government Branch
executive
Government Body
competition authority
Complete timeline of this policy change
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2021-06-04
under deliberation
2022-12-19
under investigation
2024-11-14
in force