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Meta Fined $843M by EU over Marketplace Ads

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Re: Meta Fined $843M by EU over Marketplace Ads

#21

Post by Ragnarork »

cm2012 wrote: post #4

Another 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.

US Tech companies are completely free not to do business in Europe. That the US ignores some big antitrust issues doesn't mean Europe has to do the same.

Here it deals with the fact that in that area Meta is both a platform provider and a player in said platform, and that they take advantage of the former to hamper competitors. I can't see how it's related to what you're suggesting.

Re: Meta Fined $843M by EU over Marketplace Ads

#23

Post by ahmeneeroe-v2 »

JohnMakin wrote: post #6
cm2012 wrote: post #4

Another 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.

Well yeah...the EU isn't just going to say "lol we're stealing money from the US". They are going to give themselves a fig leaf

Re: Meta Fined $843M by EU over Marketplace Ads

#25

Post by tossandthrow »

threeseed wrote: post #15

EU 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…

That is absolutely not the case: https://data.worldbank.org/indicator/IC.BUS.EASE.XQ

Yes, the legislative landscape changes - just because you had fists from before it became illegal to hit people it doesn't mean that you are entitled to do so.

Also: One should expect Facebook given 3 years to comply would be able to do so.

Re: Meta Fined $843M by EU over Marketplace Ads

#27

Post by aurareturn »

ahmeneeroe-v2 wrote: post #20

I 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.

Well, Tim Cook was talking to Trump about EU legal issues. Trump made public statements about it.

One reason Meta and Google's stocks have not boomed after the election is they're seen as more liberal in Trump's circle.

Re: Meta Fined $843M by EU over Marketplace Ads

#29

Post by tossandthrow »

ahmeneeroe-v2 wrote: post #20

I 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.

This is politics. The US act exactly the same way against EU companies: https://www.pharmavoice.com/news/ftc-request-novo-catalent-d...

Re: Meta Fined $843M by EU over Marketplace Ads

#30

Post by aurareturn »

tossandthrow wrote: post #25
threeseed wrote: post #15

EU 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…

That is absolutely not the case: https://data.worldbank.org/indicator/IC.BUS.EASE.XQ Yes, the legislative landscape changes - just because you had fists from before it became illegal to hit people it doesn't mean that you are entitled to do so. Also: One should expect Facebook given 3 years to comply would be able to do so.

What is FB going to do? Remove any reference to Marketplace on Facebook.com and move it to fbmarketplace.com?
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