{"id":877169,"date":"2024-11-15T09:55:43","date_gmt":"2024-11-15T04:25:43","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=877169"},"modified":"2024-11-15T10:01:42","modified_gmt":"2024-11-15T04:31:42","slug":"eu-slaps-meta-with-a-nearly-800-million-euro-fine-for-engaging-in-abusive-marketplace-practices","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/11\/15\/eu-slaps-meta-with-a-nearly-800-million-euro-fine-for-engaging-in-abusive-marketplace-practices\/","title":{"rendered":"EU slaps Meta with a nearly 800 million euro fine for engaging in &#8216;abusive&#8217; Marketplace practices"},"content":{"rendered":"<p>European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what they call &#8220;abusive practices&#8221; involving its Marketplace online classified ads business.<\/p>\n<p>The European Commission, the 27-nation bloc&#8217;s executive branch and top antitrust enforcer, issued the 797.72 million euro ($841 million) penalty after its long-running investigation found that the company abused its dominant position and engaged in anti-competitive behaviour.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what they call &#8220;abusive practices&#8221; involving its Marketplace online classified ads business. The European Commission, the 27-nation bloc&#8217;s executive branch and top antitrust enforcer, issued the 797.72 million euro ($841 million) penalty after its long-running investigation found that the company abused its dominant position and engaged in anti-competitive behaviour.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-877169","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/877169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=877169"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/877169\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=877169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=877169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=877169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}