New Delhi. Facebook, the social media platform that has become the favorite of millions of people in the country and the world, will have to pay thousands of crores of rupees for its one mistake. The European Commission has imposed a fine of $840 million (about Rs 7,100 crore) on Facebook's parent company Mate. This fine has been imposed by Facebook for forcibly showing advertisements to users, which is a part of Facebook Marketplace.

The European Commission found in its investigation that Facebook has violated EU antitrust law. The company displayed its online classified ad service Facebook Marketplace on the company's personal social network, which is against market competition. This has harmed other online classified ads service providers. Due to this, other companies have faced difficulties in expanding their market access.

What did Facebook say?
Facebook's parent company Meta has said that it will appeal against this order. It also said that to resolve this issue, it will follow the rules and work by the market. The European Commission has given this decision 2 years after receiving a complaint against Facebook. It was said in the complaint that market competition is being distorted through the Facebook Market Place. Through this, Facebook is trying to dominate the market.

Marketplace was launched in 2016
Facebook launched its marketplace for classified ads in 2016, which was later launched in many countries in Europe. The European Union has said that Facebook is forcibly imposing the marketplace on its consumers using the social media platform, while the company says that it gives its users the option to use the marketplace or not.

The company argued that
Meta has said in its defense that the European Commission accuses Meta of distorting market competition through the marketplace, but so far no evidence has been presented that proves that the company has caused any harm to its competitors. Therefore, the company is preparing to appeal against this decision.