EU Casts Antitrust Shadow Over Meta
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Presumably, antitrust regulators are nowhere to be found in Mark Zuckerberg's metaverse, but until that transition is complete, he'll just have to deal with them poking into existing parts of his business.
The EU said Monday it believes Facebook Marketplace, Meta's classified ads service, violates antitrust laws. If an investigation determines Meta is guilty, it could be hit with a fine equal to up to 10% of its global annual turnover -- which for its 2021 takings would have equaled almost $12 billion.
Source Fool.com
