The EU is poised to hit Mark Zuckerberg’s Meta, the parent company of Facebook and Instagram, with a massive fine of $1 billion or more for allegedly violating its strict antitrust regulations, according to sources close to the situation.
The New York Post reports that the European Commission, the EU’s antitrust watchdog, is expected to conclude that Meta is not in compliance with the Digital Markets Act (DMA). The landmark law, which took effect in 2023, applies tough competition rules on Meta and six other companies deemed internet gatekeepers.
Sources familiar with the matter told the Post that the fine is expected to range from hundreds of millions of dollars to potentially more than $1 billion. The EU’s probe into Meta is expected to
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