Meta fined nearly €800million for 'abusive practices' on Facebook ads business - Brussels accused Meta of distorting competition by tying its online classified ad business to its social network, autom

European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business.

The European Union has imposed a €798 million ($840 million) fine on Meta Platforms, accusing the company of unfairly promoting its Facebook Marketplace by tying it to the popular social network Facebook and setting restrictive terms for other online classified ad services.