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Meta Fined $843 Million by EU
Meta hit with $840 million fine for linking Facebook and Marketplace
The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.
EU Fines Meta $840 Million Over Classified Ads Business
An EU commission alleged that Meta leveraged its dominance in social networking to gain an unfair advantage in online classified ads.
Meta Fined $840 Million in Europe for Boosting Marketplace Unfairly
Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service.
1d
on MSN
Meta and Palantir Join Forces in Defense Tech Artificial Intelligence (AI). Which Stock Is the Better Buy?
Meta is joining Palantir as a leading provider of artificial intelligence (AI) services for the U.S. military.
4d
on MSN
Meta will face antitrust trial over Instagram, WhatsApp acquisitions
Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break-up over claims ...
2d
on MSN
Meta to Appeal Orders Letting Schools, States Sue Over Addiction
Meta Platforms Inc. said it intends to appeal court rulings allowing dozens of states and hundreds of school districts across ...
1d
on MSN
Nvidia, Meta, Apple, and Microsoft Could Help This Magnificent ETF Turn $250,000 Into $1 Million
Additionally,
Meta
already has 3.3 billion daily active users, so the company will eventually hit a growth ceiling unless ...
3d
AI Powers Meta’s Strong Q3 Growth: Profits Soar
Ad revenue reached $39.9 billion, increasing 19% YoY, boosted by AI-driven ad targeting and improved ad impressions.
1d
on MSN
Activist ValueAct is poised to trim fat and help boost profits at Meta Platforms. Here's how
Artificial intelligence is a powerful tool in Meta Platforms’ arsenal, and if it’s optimized, it can contribute to earnings ...
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