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What percentage of Meta's global annual revenue will the EU fine be by October 2024?
3
Meta Platforms Inc•European Union•Financial Times•Meta•Marketplace•Facebook•Alphabet•Google•EU•General Court
Resolution / Starting Odds
Less than 5% • 25%
5% to less than 7.5% • 25%
7.5% to less than 10% • 25%
10% or more • 25%
Official announcements from the European Union or Meta Platforms Inc
Story
Meta Faces Hefty EU Antitrust Fine by October; Google Wins €1.49 Billion Appeal
Sep 18, 2024, 08:40 AM
Meta Platforms Inc is facing a significant antitrust fine from the European Union over its practices in the classified advertising market. The Financial Times reports that the fine could be as much as 10% of Meta's global annual revenue and is expected to be imposed by October 2024. This decision follows allegations that Meta attempted to dominate the classified ads market by linking its Marketplace service with Facebook. Meanwhile, Alphabet unit Google has won a legal challenge against a €1.49 billion ($1.66 billion) EU antitrust fine. The fine, imposed five years ago, accused Google of hindering rivals in online search advertising. The EU's General Court found that regulators made errors in their investigation, leading to the annulment of the fine.
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Less than 5% • 33%
Between 5% and 10% • 33%
More than 10% • 33%
Policy changes • 25%
No changes • 25%
Legal action • 25%
Settlement • 25%
Less than €3B • 25%
Between €3B and €3.5B • 25%
Between €3.5B and €4B • 25%
More than €4B • 25%
Significant change in practices • 25%
Moderate change in practices • 25%
No change in practices • 25%
Other outcome • 25%
Significant negative impact • 25%
Moderate negative impact • 25%
No significant impact • 25%
Positive impact • 25%
No significant impact • 25%
Minor financial impact • 25%
Moderate financial impact • 25%
Major financial impact • 25%
Fine paid without appeal • 25%
Fine reduced after appeal • 25%
Fine overturned after appeal • 25%
Fine remains under litigation • 25%
Appeal and comply • 25%
Appeal without compliance • 25%
Comply without appeal • 25%
No action taken • 25%
No significant change • 25%
Changes to Marketplace • 25%
Expansion of legal team • 25%
Increased lobbying efforts • 25%