Facebook's owner fined billions

Facebook's parent company Meta has been fined by the EU Commission to pay equivalent to approximately 9.2 billion kronor in fines. This is connected to the company's e-commerce service Marketplace.

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Facebook's owner fined billions
Photo: Godofredo A. Vásquez/AP/TT

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Large American tech giants like Google, Amazon, and now Meta have all been fined multi-billion euros by the EU in recent years, linked to various cases of market monopoly for the companies' products.

In Meta's case, it's about illegally linking its Marketplace service, where users can post ads, to the social network Facebook. The ruling, where the company is fined a staggering 797.7 million euros, takes into account that Meta gains a competitive advantage over other competitors through the link.

The case is likely one of EU Competition Commissioner Margrethe Vestager's last, as she leaves her post from the turn of the year.

Facebook writes in a comment that they are considering appealing the ruling.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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