The European Union has hit technology giant Meta with a fine just shy of 800 million euros for what it called “abusive practices” involving its Facebook Marketplace online classified ads business. The EU’s European Commission issued the fine of 797.

European Union regulators hit Facebook parent Meta with a fine of nearly 800 million euros on Thursday for what it calls “abusive practices” involving its Marketplace online classified ads business.

The European Commission slapped a €797, 72 m fine on Facebook’s owner Meta for abusing its dominant position in the market for personal social networks on Thursday, for preferencing its online classified ads service Facebook Marketplace.