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Re:Meta Fined $843M by EU over Marketplace Ads by Etheryte on Thursday November 14, 2024 @11:58AM (#42138195)
This isn't even remotely what happened here. Similar to the case where Apple was fined, Meta had years to comply with the new regulations — they simply chose not to and put their fingers in their ears instead. It's naive to think Meta didn't know it was breaking the law, they simply hoped they could get away with a fine that was smaller than the profit made.
Re:Meta Fined $843M by EU over Marketplace Ads by threeseed on Thursday November 14, 2024 @12:06PM (#42138294)
> Meta had years to comply with the new regulations

This has nothing to do with the DMA if that's what you mean.

EU is alleging Meta is infringing on the 1994 EEA Agreement specifically the generic "don't impose unfair trading conditions" clause. Which if it successful should frighten most companies. Because making life harder for your competitors is the entire point of business.

Re:Meta Fined $843M by EU over Marketplace Ads by philjohn on Thursday November 14, 2024 @12:10PM (#42138359)
If Zuck is to be believed, he's not about making life harder for competitors, he's about competing vigorously.

If you leverage your business, and data obtained for other reasons, to unfairly depress competition, the end user loses out, and is part of why antitrust legislation exists.

Another example is what Amazon were accused of - using their internal data from providing seller services to then decide which products to launch in their Amazon Basics range - to the point where it makes those other products no longer profitable to sell, and an option for consumers is removed.

If they conducted research without using that data about what products people would like, that's different - that's competing vigorously and fairly.

Re:Meta Fined $843M by EU over Marketplace Ads by piltdownman on Thursday November 14, 2024 @12:38PM (#42138770)
"If you leverage your business, and data obtained for other reasons, to unfairly depress competition, the end user loses out, and is part of why antitrust legislation exists."

This is the most salient point on the thread. People are studiously refusing to frame the discussion around this as pro-consumer, and prefer to maintain that it's nothing more than a proxy success-tax on BigTech.

Re:Meta Fined $843M by EU over Marketplace Ads by piltdownman on Thursday November 14, 2024 @12:36PM (#42138732)
Making life harder for your competitors is fine. Doing so through illegal practices isn't.

If you want to operate as a marketplace, the EU denotes certain practices and standards for doing so. Don't like them? Don't operate as such.