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EU fines Facebook parent Meta nearly 800 million euros over 'abusive' Marketplace practices

Tech - ABC News - 13 hours ago

Meta fined €798m over 'unfair' Facebook Marketplace

The European Union says the tech giant crowded out rivals, breaching competition law.

South Korea fines Meta $15 million for illegally collecting information on Facebook users

South Korea’s privacy watchdog has fined Meta 21.6 billion won for illegally collecting Facebook users’ sensitive personal information, including data about their political views and sexual ...

Tech - ABC News - November 5

Meta slashes EU Facebook and Instagram subscription fees by 40% to meet regional regulatory demands

Meta cut the price of its ad-free subscription versions of Facebook and Instagram by 40% for EU users to comply with regulatory demands in the region.

Business - CNBC - 2 days ago

EU weighs including Musk’s business empire to calculate potential X fine

Penalty would increase dramatically if regulators took into account revenues from billionaire’s other companies

Business - Financial Times - October 17

Intel wins lengthy EU legal battle over £880m competition fine

Chipmaker disputed 2009 decision that it abused its market position in case dating back two decades. The US chipmaker Intel has won a long-running battle to quash a fine of more than €1bn imposed ...

World - The Guardian - October 24

EU fines world’s largest generic drugmaker Teva for hindering competition

European Commission says company abused ‘dominant position’ to ‘artificially’ extend patent protection of MS medicine Copaxone

Business - Financial Times - October 31

EU slaps Meta with nearly 800M euro fine for 'abusive' Marketplace practices

European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business

Tech - ABC News - 11 hours ago

Meta Fined $843 Million by EU Over Marketplace Ads Platform

The European Commission said the company tied its classified-ads platform to its flagship social network, undermining competition.

Tech - The Wall Street Journal - 10 hours ago

Trump Says Apple CEO Tim Cook Called Him Over EU Fines

The GOP candidate said the tech boss spoke to him about penalties Apple received from European Union regulators and courts.

Business - Inc. - October 18

Intel scores fresh win against EU after top court backs annulment of billion-euro antitrust fine

Chipmaker Intel has won a fresh victory in a long-running battle against European Union competition watchdogs after the bloc’s top court confirmed a lower tribunal’s decision to overturn a ...

Tech - ABC News - October 24

Intel wins against EU after court backs annulment of billion-euro antitrust fine

Chipmaker Intel has won a fresh victory in a long-running battle against European Union competition watchdogs after the bloc’s top court confirmed a lower tribunal’s decision to overturn a ...

World - ABC News - October 24

EU Commission fines Teva $500M for trying to stop rival's multiple sclerosis drug

The European Commission has fined Israeli generic drugmaker Teva more than 460 million euros ($500 million) for improperly seeking to protect the patent for its multiple sclerosis drug and for ...

World - ABC News - October 31

EU Commission fines Teva $500 million for trying to stop rival's multiple sclerosis drug

The European Commission has fined Israeli generic drugmaker Teva more than 460 million euros ($500 million) for improperly seeking to protect the patent for its multiple sclerosis drug and for ...

Health - ABC News - October 31

Meta fined nearly €800mn for breaking EU law over classified ads practices

Facebook is undermining rivals by ‘tying’ its free Marketplace services with the social network, Brussels says

World - Financial Times - 13 hours ago

EU slaps Meta with a nearly 800 million euro fine for engaging in 'abusive' Marketplace practices

European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business

World - ABC News - 11 hours ago

Watchdog opens investigation into anti-immigrant posts on Facebook

Oversight Board says parent company Meta has ‘serious questions’ to answer over two posts allowed to remain online. Mark Zuckerberg’s Meta must answer “serious questions” about its handling of ...

World - The Guardian - October 17

Facebook's parent company, Meta, facing courtroom battle

On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an illegal monopoly with Facebook, Instagram and WhatsApp. CBS News MoneyWatch ...

Facebook and Instagram to delete ads that use celebrities without their consent

Celebrities including Elon Musk and Martin Lewis repeatedly feature in ads for products they have not endorsed.

Republican Mark Robinson suggested ‘deadbeat’ parents should be sterilized in racist social media posts

Candidate for governor of North Carolina is also taking heat after a CNN report unearthed a ‘Black Nazi’ porn profile. Mark Robinson, North Carolina ’s embattled Republican gubernatorial ...

World - The Guardian - October 23

The son-in-law of former Myanmar's strongman is arrested over Facebook posts

Myanmar’s state-run media say security forces have arrested the son-in-law of the country’s former longtime military ruler, Than Shwe, for allegedly posting inflammatory statements on his Facebook ...

World - ABC News - October 25

Supreme Court hears Facebook's bid to block Cambridge Analytica shareholder suit

The Supreme Court considered Wednesday a bid from Facebook to block a shareholder lawsuit over the Cambridge Analytica data scandal from moving forward. Shareholders sued the social media company ...

Politics - The Hill - November 6

Facebook Brings Bid to Dismiss Securities Fraud Suit to Supreme Court

Shareholders said the social media giant withheld details about not sharing information on a 2015 data breach involving Cambridge Analytica.

Business - Inc. - November 6

NatWest blocks staff from using WhatsApp and Facebook Messenger

Employees must stick to official channels to make sure their messages are fully retrievable.

Facebook and Instagram users in Europe can opt for less personalized ads

Facebook and Instagram users in Europe will get the option to see less personalized ads if they don’t want to pay for an ad-free subscription

Tech - ABC News - 2 days ago

Labour’s unambitious reset with the EU

The UK government has constrained itself too much within its red lines

World - Financial Times - October 17

Elon Musk’s pro-Trump Pac pouring millions into Facebook ads instead of X

America Pac is targeting users interested in the Boy Scouts of America, Kelsey Grammer, Kid Rock and Joe Rogan. Elon Musk’s Pac is spending far more on ads on Facebook and YouTube than on X, Musk’s ...

World - The Guardian - October 22

Facebook Is Auto-Generating Militia Group Pages as Extremists Continue to Organize in Plain Sight

Ahead of the election, anti-government militias are using Facebook to recruit, coordinate training, and promote ballot box stakeouts. Meta isn’t shutting their groups down and is even ...

Tech - Wired - October 29

Philadelphia didn't violate rights of cops fired over offensive Facebook posts, court rules

The Philadelphia police department did not violate the First Amendment rights of several officers who were fired or suspended for racist and violent social media posts

Tech - ABC News - October 29

After his arrest for Facebook posts, a Cambodian reporter says he will become a farmer instead

It’s tough being a reporter in Cambodia, whose government frowns on independent journalism that questions authority

World - ABC News - November 5

Facebook asks US supreme court to dismiss fraud suit over Cambridge Analytica scandal

Securities fraud lawsuit brought by shareholders accuses the social media platform of misleading them about misuse of user data. The US supreme court grappled on Wednesday with a bid by Meta’s ...

World - The Guardian - November 6

Is China cannibalising the EU car industry?

Troubles at VW point to growing doubts about future of Europe-wide sector as imports of cheap EVs rise. For decades Germany has enjoyed a reputation as Europe’s car capital, with slogans such as ...

World - The Guardian - October 20

EU races to prepare for a Trump win

Bloc seeks to bolster aid to Ukraine, sanctions against Russia and trade policy in case Republican is re-elected

Business - Financial Times - October 25

Does the EU have a strategy for gas?

One of the largest US LNG producers is pitching flexible contracts to help the bloc diversify its energy mix

World - Financial Times - October 29

Longhorns fined $250K, apologize for unruly fans

Texas was fined $250K by the SEC after fans threw trash onto the field following a penalty call that was later reversed, which was questioned by Georgia AD Josh Brooks.

Sports - ESPN - October 20

American Airlines fined $50M for violating disability laws

The U.S. Department of Transportation on Wednesday announced a $50 million fine against American Airlines for its alleged mistreatment of passengers with disabilities, which the department said in ...

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