EU Slaps Meta with a Nearly 800 Million Euro Fine for Engaging in 'Abusive' Marketplace Practices

Meta AI logo is seen in this illustration taken May 20, 2024. (Reuters)
Meta AI logo is seen in this illustration taken May 20, 2024. (Reuters)
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EU Slaps Meta with a Nearly 800 Million Euro Fine for Engaging in 'Abusive' Marketplace Practices

Meta AI logo is seen in this illustration taken May 20, 2024. (Reuters)
Meta AI logo is seen in this illustration taken May 20, 2024. (Reuters)

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

The European Commission, the 27-nation bloc's executive branch and top antitrust enforcer, issued the 797.72 million euro ($841 million) penalty after its long-running investigation found that the company abused its dominant position and engaged in anti-competitive behavior, Reuters reported.

Brussels had accused Meta of distorting competition by tying its online classified ad business to its social network, automatically exposing Facebook users to Marketplace “whether they want it or not" and shutting out competitors.

It was also concerned that Meta was imposing unfair trading conditions with a terms of service that authorized the company to use ad-related data — generated from competitors who advertise on Facebook or Instagram — to benefit Marketplace.

Meta said in a statement that the decision fails to prove any “competitive harm” to rivals or consumers and “ignores the realities of the thriving European market for online classified listing services.” The company vowed to appeal.



A Social Media Ban for Under-16s Passes the Australian Senate and Will Soon be a World-first Law

A teenager uses his mobile phone to access social media, Sydney, Wednesday, Nov. 13, 2024. (Dean Lewins/AAP Image VIA AP)
A teenager uses his mobile phone to access social media, Sydney, Wednesday, Nov. 13, 2024. (Dean Lewins/AAP Image VIA AP)
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A Social Media Ban for Under-16s Passes the Australian Senate and Will Soon be a World-first Law

A teenager uses his mobile phone to access social media, Sydney, Wednesday, Nov. 13, 2024. (Dean Lewins/AAP Image VIA AP)
A teenager uses his mobile phone to access social media, Sydney, Wednesday, Nov. 13, 2024. (Dean Lewins/AAP Image VIA AP)

A social media ban for children under 16 passed the Australian Senate Thursday and will soon become a world-first law.

The law will make platforms including TikTok, Facebook, Snapchat, Reddit, X and Instagram liable for fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent children younger than 16 from holding accounts, The AP reported.

The Senate passed the bill 34 votes to 19. The House of Representatives on Wednesday overwhelmingly approved the legislation 102 votes to 13.

The House has yet to endorse opposition amendments made in the Senate. But that is a formality since the government has already agreed they will pass.

The platforms will have one year to work out how they could implement the ban before penalties are enforced.

The amendments bolster privacy protections. Platforms would not be allowed to compel users to provide government-issued identity documents including passports or driver’s licenses, nor could they demand digital identification through a government system.

The House is scheduled to pass the amendments on Friday. Critics of the legislation fear that banning young children from social media will impact the privacy of users who must establish they are older than 16.

While the major parties support the ban, many child welfare and mental health advocates are concerned about unintended consequences.

Sen. David Shoebridge, from the minority Greens party, said mental health experts agreed that the ban could dangerously isolate many children who used social media to find support.

“This policy will hurt vulnerable young people the most, especially in regional communities and especially the LGBTQI community, by cutting them off,” Shoebridge told the Senate.

Opposition Sen. Maria Kovacic said the bill was not radical but necessary.

“The core focus of this legislation is simple: It demands that social media companies take reasonable steps to identify and remove underage users from their platforms,” Kovacic told the Senate.

“This is a responsibility these companies should have been fulfilling long ago, but for too long they have shirked these responsibilities in favor of profit,” she added.

Online safety campaigner Sonya Ryan, whose 15-year-old daughter Carly was murdered by a 50-year-old pedophile who pretended to be a teenager online, described the Senate vote as a “monumental moment in protecting our children from horrendous harms online.”

“It’s too late for my daughter, Carly, and the many other children who have suffered terribly and those who have lost their lives in Australia, but let us stand together on their behalf and embrace this together,” she told the AP in an email.

Wayne Holdsworth, whose teenage son Mac took his own life after falling victim to an online sextortion scam, had advocated for the age restriction and took pride in its passage.

“I have always been a proud Australian, but for me subsequent to today’s Senate decision, I am bursting with pride,” Holdsworth told the AP in an email.