The EU alleged ...
well they were found guilty.
Meta Fined $843M by EU over Marketplace Ads
11–20 of 142 posts
Re: Meta Fined $843M by EU over Marketplace Ads
#12Official release: https://ec.europa.eu/commission/presscorner/detail/en/ip_24_...
Re: Meta Fined $843M by EU over Marketplace Ads
#13Another classic case of European bureaucrats raiding the piggy jar of US tech companies. Like, obviously, marketplace is tied to Facebook the social network. It's how they authenticate sellers are real people and connect them to nearby people. It does a huge disservice to consumers to try to disconnect the two.
> It does a huge disservice to consumers to try to disconnect the two. That isn't what is happening here. They are being fined for preferential treatment to their own service on their platform. That isn't the same thing as you're saying.
But why would Facebook not have the right to show Facebook Marketplace on their own platform? Is Facebook not allowed to add features to their app? Is Facebook Group an unfair competitor to other online forums? Who decide what features are allowed?
Re: Meta Fined $843M by EU over Marketplace Ads
#14The EU alleged ... well they were found guilty.
Was it a criminal trial?
Re: Meta Fined $843M by EU over Marketplace Ads
#15EU is becoming a very difficult place to do business.
Marketplace was introduced in 2007, 15 years before the DMA set the guidance for the regulatory landscape.
At the time there was no indiction that simply adding a popular and somewhat obvious feature would be seen as anti-competitive given that other classified ad platforms existed and were seemingly doing well.
You have to wonder how many companies will be reluctant to bring new features to EU in the future.
Re: Meta Fined $843M by EU over Marketplace Ads
#16Another classic case of European bureaucrats raiding the piggy jar of US tech companies. Like, obviously, marketplace is tied to Facebook the social network. It's how they authenticate sellers are real people and connect them to nearby people. It does a huge disservice to consumers to try to disconnect the two.
Another classic case of US Tech Companies 'disrupting first, apologising later' by ignoring Consumer protection legislation when it suits their bottom line.
How are consumer harmed by Facebook Marketplace appearing in Facebook?
Re: Meta Fined $843M by EU over Marketplace Ads
#17Another classic case of European bureaucrats raiding the piggy jar of US tech companies. Like, obviously, marketplace is tied to Facebook the social network. It's how they authenticate sellers are real people and connect them to nearby people. It does a huge disservice to consumers to try to disconnect the two.
> It does a huge disservice to consumers to try to disconnect the two. That isn't what is happening here. They are being fined for preferential treatment to their own service on their platform. That isn't the same thing as you're saying.
What do they mean by preferential treatment? The article does not state the detail.
Re: Meta Fined $843M by EU over Marketplace Ads
#18EU is becoming a very difficult place to do business. Marketplace was introduced in 2007, 15 years before the DMA set the guidance for the regulatory landscape. At the time there was no indiction that simply adding a popular and somewhat obvious feature would be seen as anti-competitive given that other classified ad platforms existed and were seemingly doing well. You have to wonder how many companies will be reluct…
Agreed. It feels like Europe's DMA is basically just a taxation on big American tech companies.
There is a very fine line between over regulation and enough regulation to maximize efficiency.
Re: Meta Fined $843M by EU over Marketplace Ads
#19Another classic case of European bureaucrats raiding the piggy jar of US tech companies. Like, obviously, marketplace is tied to Facebook the social network. It's how they authenticate sellers are real people and connect them to nearby people. It does a huge disservice to consumers to try to disconnect the two.
Another classic case of US Tech Companies 'disrupting first, apologising later' by ignoring Consumer protection legislation when it suits their bottom line.
This has nothing to do with consumer protection.
And anyway the EU never had specific legislation at the time Marketplace was introduced hence why they are having to use the EEA agreement as the basis for their actions. Which is basically a generic "do nothing bad" clause.
Re: Meta Fined $843M by EU over Marketplace Ads
#20I wonder if the next administration will put a stop to this EU trade war against US Big Tech, or if they will let specific companies (e.g. Meta & Google) continue to suffer due to a (perceived or real) bias against that admin during their 2016-2020 tenure and their political campaigns.
I imagine at the very least that the company formerly known as Twitter will be protected.