Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Analysis Featured News Stocks

Meta to show rival ads providers on Marketplace after EU antitrust fine

post-img

Meta Platforms will allow rival classified ads service providers to list ads on Facebook Marketplace, the company said on Thursday, three months after it was hit with a 797-million-euro ($828 million) EU antitrust fine for giving its own service an unfair advantage.

The European Commission in its decision in November said the U.S. tech giant had imposed unfair trading conditions on its rivals and had also tied Facebook Marketplace to its social network Facebook in breach of EU antitrust rules.

Calling it the Facebook Marketplace Partner Progam, Meta said the scheme is a response to the EU competition watchdog even as it challenged the fine in court.

It echoed recent comments by Chief Executive Mark Zuckerberg, saying that the EU decision “serves as another example of the EU directly targeting U.S. companies in a manner that is tantamount to a tariff regime”.

Meta said it tested the partner scheme in Germany, France and the United States with eBay last month.

“This new program will mean that third-party partners (specifically, online classified ad service providers as defined in the European Commission’s decision) will be able to list their consumer-to-consumer inventory on Facebook Marketplace,” Meta said in a blogpost.

“That inventory will appear side by side with other third-party inventory and Facebook user listings.”

The Commission said it was currently assessing whether Meta has fully complied with the November ruling.

Related Post