Facebook-parent Meta faces its first EU antitrust fine: Reason and how much the company may have to pay

Facebook parent Meta Platforms is expected to be hit with its first fine in the European Union (EU) in the coming weeks. According to a report by the news agency Reuters, the social media giant may face this penalty for tying its Facebook Marketplace service to the social network. The EU’s competition watchdog, the European Commission, has alleged that this practice gave Facebook Marketplace an unfair advantage over competitors.