Margrethe Vestager

September 18, 2024 11:00 AM

Meta faces hefty EU antitrust fine over classified ads practices: report

Meta Platforms Inc. is facing a hefty fine in the EU over its alleged efforts to dominate the classified advertising market, the Financial Times reported on Wednesday, citing people familiar with the matter. EU regulators will claim Facebook's parent company links its free Marketplace services with the social network in an effort to undermine its rivals, the newspaper said. The bloc's decision could come as early as next month and would mark one of the final investigations overseen by the EU's...

Apple charged with breaching EU tech rules, faces another probe

European Union antitrust regulators charged on Monday that Apple breached the bloc's tech rules, a charge that could result in a hefty fine for the iPhone maker which also faces another investigation into new fees imposed on app developers. The European Commission, which is also the EU's antitrust and technology regulator, said it had sent its preliminary findings to Apple following an investigation launched in March. The charge against Apple is the first by the Commission under its landmark D...