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EU Slaps Meta With €798 Million Fine
Meta hit with $840 million fine for linking Facebook and Marketplace
The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.
EU Fines Meta $840 Million Over Classified Ads Business
An EU commission alleged that Meta leveraged its dominance in social networking to gain an unfair advantage in online classified ads.
EU fines Meta $840 million over abusive practices benefiting Facebook Marketplace
Meta said the Commission claimed that Marketplace had the potential to hinder the growth of large incumbent online marketplaces in the EU.
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Meta in the hot seat: Trial looms over Instagram, WhatsApp buys
Meta will be going to trial to defend itself in a years-long antitrust case being levied by the Federal Trade Commission over ...
1d
on MSN
Meta and Palantir Join Forces in Defense Tech Artificial Intelligence (AI). Which Stock Is the Better Buy?
Meta is joining Palantir as a leading provider of artificial intelligence (AI) services for the U.S. military.
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on MSN
Meta to Appeal Orders Letting Schools, States Sue Over Addiction
Meta Platforms Inc. said it intends to appeal court rulings allowing dozens of states and hundreds of school districts across ...
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on MSN
Meta will face antitrust trial over Instagram, WhatsApp acquisitions
Facebook owner Meta Platforms must face trial in a U.S. Federal Trade Commission lawsuit seeking its break-up over claims ...
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on MSN
Nvidia, Meta, Apple, and Microsoft Could Help This Magnificent ETF Turn $250,000 Into $1 Million
Additionally,
Meta
already has 3.3 billion daily active users, so the company will eventually hit a growth ceiling unless ...
1d
Microsoft’s top AI customers include Adobe and Meta
The software giant has a running list of what it considers its top 10 customers for Azure OpenAI, and I’m told Adobe and Meta ...
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AI Powers Meta’s Strong Q3 Growth: Profits Soar
Ad revenue reached $39.9 billion, increasing 19% YoY, boosted by AI-driven ad targeting and improved ad impressions.
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