Quick access to main page (top) Direct access to main contents Quick access to main page (bottom)

Meta’s New Move to Avoid €798 Million Fine—Here’s How eBay Will Fit In

Daniel Kim Views  

Meta / Yonhap News
Meta / Yonhap News

Meta has proposed integrating eBay’s classified ads into Facebook Marketplace as part of its effort to comply with a European Union (EU) antitrust ruling. The ruling, which imposed a fine of €798 million ($822 million), accused Meta of anti-competitive practices.

On Wednesday, Meta announced plans to test this integration in Germany, France, and the United States. The test will enable users to browse eBay listings directly on Facebook Marketplace, with transactions finalized on eBay’s platform.

Despite this move, Meta stated in an online post that it disagrees with the EU’s decision and has filed an appeal with EU courts.

The adjustment comes in response to the EU’s November ruling, which required Meta to decouple its classified ad service from Facebook’s social media platform and to avoid imposing unfair trading conditions on competing second-hand platforms.

EU Commission / Yonhap News
EU Commission / Yonhap News

An EU Commission spokesperson confirmed that Meta must implement the ruling within 90 days of the decision.

Meanwhile, the UK’s Competition and Markets Authority has accepted Meta’s concessions and decided not to launch its investigation into Facebook Marketplace.

Following these developments, eBay’s stock rose by 8.83%, while Meta’s stock declined by 1.24%.

Daniel Kim
content@viewusglobal.com

Comments0

300

Comments0

[BUSINESS] Latest Stories

  • Is Nvidia’s Stock Fall a Fluke? Experts Think So
  • China Bracing for Trump’s Tariffs: Will They Really Be 20% Instead of 60%?
  • Macy's Slams the Door on 66 Locations in Latest Store Closure Wave
  • Bank of America Bonuses Get a 10% Lift: What You Need to Know About This Year’s Payouts
  • Toyota’s $10 Billion Gamble: How NVIDIA Chips Will Power the Future of Self-Driving Cars
  • China Outperforms the U.S. in Top Academic Research—Here’s How

You May Also Like

  • 1
    Chinese Actor Kidnapped in Thailand Found in Myanmar with a Shaved Head—What Happened?

    ASIA 

  • 2
    Ukrainian Refugee Murdered by German Couple: They Killed a Mother and Stole Her Baby

    DEBATE 

  • 3
    This Virus is Spreading Like Wildfire in China—What is HMPV and Why Is It Spreading So Fast?

    ASIA 

  • 4
    Fire and Chaos in Russia After Bold Ukraine Drone Strike on Air Force Facility

    LATEST 

  • 5
    Wildfire Chaos in California: 150,000 Evacuated as Flames Spread

    WORLD 

Popular Now

  • 1
    Why the Flu Is More Than Just a Bad Cold—And Why It’s Spreading Fast

    LIFESTYLE 

  • 2
    Could One Month of Sobriety Boost Your Health? Find Out What Experts Are Saying About Dry January

    LIFESTYLE 

  • 3
    New Factory Opens in North Korea: Kim Jong Un Stresses National Development Goals

    ASIA 

  • 4
    'Squid Game' Season 2’s Massive Success—How Much Revenue Will It Make?

    ENTERTAINMENT 

  • 5
    North Korea’s Musan Mining Complex Carries Out Major Blasting Operation to Boost Iron Ore Production

    ASIA 

Must-Reads

  • 1
    Chinese Actor Kidnapped in Thailand Found in Myanmar with a Shaved Head—What Happened?

    ASIA 

  • 2
    Ukrainian Refugee Murdered by German Couple: They Killed a Mother and Stole Her Baby

    DEBATE 

  • 3
    This Virus is Spreading Like Wildfire in China—What is HMPV and Why Is It Spreading So Fast?

    ASIA 

  • 4
    Fire and Chaos in Russia After Bold Ukraine Drone Strike on Air Force Facility

    LATEST 

  • 5
    Wildfire Chaos in California: 150,000 Evacuated as Flames Spread

    WORLD 

Popular Now

  • 1
    Why the Flu Is More Than Just a Bad Cold—And Why It’s Spreading Fast

    LIFESTYLE 

  • 2
    Could One Month of Sobriety Boost Your Health? Find Out What Experts Are Saying About Dry January

    LIFESTYLE 

  • 3
    New Factory Opens in North Korea: Kim Jong Un Stresses National Development Goals

    ASIA 

  • 4
    'Squid Game' Season 2’s Massive Success—How Much Revenue Will It Make?

    ENTERTAINMENT 

  • 5
    North Korea’s Musan Mining Complex Carries Out Major Blasting Operation to Boost Iron Ore Production

    ASIA 

Share it on...