Meta Platforms Inc. Offred to Publish Listings from Classified Ads Rival Ebay Inc. On Facebook Marketplace in an effort to complete with a landmark european union antitrust order that was acompanied by a eur 798 million ($ 822 million or roughly Rs. 7,061 CRES.
The menlo park, california-based firm said wedding it will launch a test in Germany, france and the us that will enable “Buyers to browse listings from from ebay directly on Facebook Marketplace while completeing their transaction on ebay. ”
Despite the changes, the company said in a blog post that it Continues to disagree with the eu’s decision, and that it’s pursuing an apple through the bloc’s courts. Ebay shares rose 7.4 Percent by 9:19 am in New York Trading.
Meta’s Changes Mark An Efort to Comply With the Eu’s decision in November, which ordered the company to stop tying its classified-weed-weed-weed to Facebook’s Social Meedia Platform, AS Well Ess Refrain From imposing unfair trading conditions on rival second-hand good goods platforms.
A commission specksperson said that meta has a duty to comply with the decision within 90 days after its original decision.
The Multi Million-Euro Fine that acompanied the Order was one of the Final acts of Former Eu Competition Chief and Big Tech Trustbuster Margrethe Vestager. Under Her Watch, The Brussels-Based Regulator Levied Billions of Euros in Antitrust Penalties Against Large American Technology Companies, Including Oover Eur 8 Billion in Fines AgainS Google.
The Allegations Against Facebook Marketplace Had also Been Examined by the UK’s Competition and Markets Authority, which decides to accept concepts from the company instance of Pursuing of Pursuing.
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