The European Commission has fined Facebook parent company Meta €797.72 million ($841 million) for breaches of EU competition law benefiting Facebook Marketplace. The antitrust breaches relate to Meta's abuse of its dominant market position on social media networks and in online advertising,

The executive arm of the European Union isn’t shying away from slapping major tech companies with hefty fines. The European Commission has fined Meta €797.12 million ($842 million) for violating antitrust regulations.

The European Commission has ordered Meta to “bring the conduct effectively to an end,” but didn’t specify what actions should be taken. Meta was also hit with a record-breaking $1.3 billion fine by the EU last year for transferring the Facebook data of EU citizens to the US.