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

  • Honda's NSX Returns: A 1,000-Horsepower Electric Rival to Lexus LFR
  • Honda’s S7 Electric SUV: A Major Player in the Race for EV Dominance
  • Lamborghini's First EV: A 2,000-Horsepower Beast Built for Speed and Emotion
  • Ford Revives Classic Design with the 2025 Bronco Heritage Edition
  • ID.EVERY1: Volkswagen's $21K Electric Vehicle Aims to Make Green Driving Accessible
  • Toyota’s bZ3X SUV Surges with 10,000 Pre-Orders: A New Era in EVs

You May Also Like

  • 1
    Strawberries + Nuts, Salmon & More: The Best Pairings for Your Wellness

    LIFESTYLE 

  • 2
    Truth About Narcolepsy: Symptoms, Causes, and How to Manage It

    LIFESTYLE 

  • 3
    Avoid These 10 Habits to Keep Your Brain in Top Shape

    LIFESTYLE 

  • 4
    Dining Out While Dieting: 10 Healthy Restaurant Meals You Can Enjoy

    LIFESTYLE 

  • 5
    How Real People Shaped Disney’s Most Beloved Animated Characters

    ENTERTAINMENT 

Popular Now

  • 1
    Why Olive Oil is the Ultimate Wellness Food You Shouldn't Overlook

    LIFESTYLE&nbsp

  • 2
    Is Barefoot Walking the Secret to Better Circulation and Less Stress?

    LIFESTYLE&nbsp

  • 3
    Actress Swears by Morning Saltwater—Doctors Say Don’t Overdo It

    LIFESTYLE&nbsp

  • 4
    Sweet and Salty? Tastes Great, But Here's What It's Doing to Your Body

    LIFESTYLE&nbsp

  • 5
    Yogurt: Diet Savior or Sneaky Saboteur? Here's What You Should Know

    LIFESTYLE&nbsp

Must-Reads

  • 1
    Strawberries + Nuts, Salmon & More: The Best Pairings for Your Wellness

    LIFESTYLE 

  • 2
    Truth About Narcolepsy: Symptoms, Causes, and How to Manage It

    LIFESTYLE 

  • 3
    Avoid These 10 Habits to Keep Your Brain in Top Shape

    LIFESTYLE 

  • 4
    Dining Out While Dieting: 10 Healthy Restaurant Meals You Can Enjoy

    LIFESTYLE 

  • 5
    How Real People Shaped Disney’s Most Beloved Animated Characters

    ENTERTAINMENT 

Popular Now

  • 1
    Why Olive Oil is the Ultimate Wellness Food You Shouldn't Overlook

    LIFESTYLE 

  • 2
    Is Barefoot Walking the Secret to Better Circulation and Less Stress?

    LIFESTYLE 

  • 3
    Actress Swears by Morning Saltwater—Doctors Say Don’t Overdo It

    LIFESTYLE 

  • 4
    Sweet and Salty? Tastes Great, But Here's What It's Doing to Your Body

    LIFESTYLE 

  • 5
    Yogurt: Diet Savior or Sneaky Saboteur? Here's What You Should Know

    LIFESTYLE