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How will Meta respond to the EU antitrust fine regarding Facebook Marketplace by end of 2024?
2
Resolution / Starting Odds
Major changes to Marketplace • 25%
Minor changes to Marketplace • 25%
No changes to Marketplace • 25%
Other business adjustments • 25%
Official announcements from Meta or regulatory bodies
Story
Meta Fined €797.72 Million ($840 Million) by EU for Antitrust Violations
Nov 14, 2024, 02:07 PM
Meta Platforms Inc., the parent company of Facebook, has been fined €797.72 million ($840 million) by the European Commission for violating EU antitrust rules through abusive practices involving its Facebook Marketplace. The regulators found that Meta abused its dominant position by tying its online classified ads service, Facebook Marketplace, to its social network, automatically exposing Facebook users to Marketplace whether they wanted it or not. The commission also stated that Meta imposed unfair trading conditions on competing online classified ad services by using competitors' advertising data unfairly. This is Meta's first-ever penalty for EU antitrust violations and its largest fine yet in Europe. Meta announced plans to appeal the decision, asserting that the EU provided no evidence of harm to competitors or consumers.
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Policy changes • 25%
No changes • 25%
Legal action • 25%
Settlement • 25%
No significant change • 25%
Changes to Marketplace • 25%
Expansion of legal team • 25%
Increased lobbying efforts • 25%
Fine paid without appeal • 25%
Fine reduced after appeal • 25%
Fine overturned after appeal • 25%
Fine remains under litigation • 25%
Yes • 50%
No • 50%
Fine upheld • 25%
Fine reduced • 25%
Fine annulled • 25%
Appeal pending • 25%
Significant change in practices • 25%
Moderate change in practices • 25%
No change in practices • 25%
Other outcome • 25%
Appeal and comply • 25%
Appeal without compliance • 25%
Comply without appeal • 25%
No action taken • 25%
Fine upheld • 25%
Fine reduced • 25%
Fine overturned • 25%
Settlement reached • 25%