Meta Faces Massive EU Fine Over Alleged Monopoly in Classified Ads

Meta Platforms, Inc. (META) is facing a hefty fine from the European Union for allegedly monopolizing the classified advertising market through its Facebook Marketplace service. The EU is cracking down on anti-competitive practices among major tech companies, and this fine could be announced as early as next month. Meta maintains that its practices are both consumer-friendly and competitive, but the EU has rejected previous attempts to resolve the investigation.

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