Meta has been investigated by the European Union due to unfair advantages in advertisements. Meta, which owns Facebook, is facing a billion-dollar fine for not acting fairly in Marketplace and similar places.

The EU Commission may impose a $13.4 billion fine on Meta!

The European Union is currently investigating Meta. According to allegations, the company, which applies negative conditions to advertising services on Facebook or Instagram, is abusing its position in the market. Meta, which is reported to be obstructing competition in the market, is in the process of losing 10 percent of its revenue.

As you know, Meta provides advertising services to many posts on Facebook, including Marketplace. The same situation is also true for Instagram. The company, which is alleged to have provided unfair advantages to certain advertisements, has been investigated for allegedly abusing its power. The company, which is likely to be sentenced to a massive fine of $13.4 billion by the EU Commission, seems likely to pay 10 percent of its 2023 revenue for this fine alone.

Meta, which stated that all its actions are aimed at providing benefits to consumers and promoting competition, has denied the allegations for now. However, the company, which has faced penalties for various reasons before, seems unlikely to be able to get away with this. The EU Commission, which will announce its final decision in November, will probably impose a large fine on the company.

The owner of Facebook, who came before us recently due to a data breach, was fined $220 million that day. However, this time the situation is different. This time the fine is 60 times larger. Let’s see if the company really commits such a violation? What will the commission’s decision be on this matter? How will the decision affect competition on Facebook and Instagram?