Meta Fined $840 Million in Europe for Boosting Marketplace Unfairly
Meta said it would appeal the decision by the European Union, which said the company had abused its dominance in social networking to strengthen its shopping and classified ads service.
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 $842 million in a Facebook Marketplace antitrust case
The executive arm of the European Union isn’t shying away from slapping major tech companies with hefty fines. The European Commission has fined Meta €797.12 million ($842 million) for violating antitrust regulations.
Meta Fined $843 Million by EU Over Marketplace Ads
The European Commission fined the company over allegations that it tied its classified-ads platform to its flagship social network.
Europe fines Meta almost $840 million for linking Marketplace to Facebook
Meta was penalized by the EU for tying Facebook Marketplace to its social network, and for imposing unfair trading conditions on competitors.
Meta Fined €798 Million by EU Over Abusing Classified Ads Dominance
Meta Platforms Inc. was hit with a €798 million ($841 million) fine by European Union regulators by tying its Facebook Marketplace service to its sprawling social network, the US tech giant’s first ever penalty for EU antitrust violations.
Meta fined nearly €800mn for breaking EU law over classified ads practices
Facebook is undermining rivals by ‘tying’ its free Marketplace services with the social network, Brussels says
Looking for an alternative to X? Here are # other social media sites to try out
By Friday, X’s current Terms of Service and Privacy Policy will change as the company ushers in a new user agreement — a legally binding contract governing everyone’s use of the popular platform. The ...
Fast Company2mon
social networking service
Over the summer, the company dropped its wordmark for its recognizable blue bird, signaling its evolution from scrappy startup to tech superpower, writes Scott Thomas, Co.Design’s designer.
Avalanche Announces Partnership with MeWe to Reimagine Social Networking
MeWe, one of the world’s largest privacy-first social networks, is joining forces with Avalanche, a cutting-edge blockchain ...
Trump Media gains post-election, even as Truth Social parent reports $19 million quarterly loss
The parent company of Donald Trump’s social networking site Truth Social lost $19.2 million in the last quarter, according to ...
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Something Corporate
Explore daily insights on the USA TODAY crossword puzzle by Sally Hoelscher. Uncover expert takes and answers in our ...
JD Supra14d
Commission Concludes That Online Social Networking Service X Should Not Be Designated Under the Digital Markets Act
On October 16, the European Commission determined that X’s online social networking service does not qualify as a core platform service (CPS) ...
Searchenginejournal.com2y
The History Of Social Media
This service still exists today, along with the social network Qzone (launched in 2015), boasting 574 million users. In 1997, the first social networking sites launched: Bolt and Six Degrees.
C&EN1y
Social Networking Sites
Several groups have developed electronic networking systems, often with added social functionality. Each site has its own features and functionality, as well as a slightly different population and ...
Psychology Today5mon
Social Media
and otherwise engage in social networking in a virtual environment. Between them, social media platforms like Facebook, Twitter/X, Instagram, and TikTok attract billions of daily users around ...
Searchenginejournal.com3d
140 Social Sharing Sites That Boost SEO & Drive Traffic
As a social networking news site ... TikTok is a video-sharing service that allows users to share videos that are 3 to 60 seconds long. The app is credited largely with the success of many ...
english.khan1d
Once-distinguished Cyworld to make grand comeback
Courtesy of CY CommunicationsIndigenous social networking service (SNS) Cyworld has found a new owner and is expected to relaunch sometime next year.Cycom Communication Inc. (Cycom) announced ...