Meta Platforms (NASDAQ: META) announced that it will allow competing classified ad service providers to list their ads on Facebook Marketplace. This move comes three months after the company was fined €797 million by the European Commission for giving its own service an unfair advantage. The new initiative, called the Facebook Marketplace Partner Program, enables third-party online classified ad service providers to display their consumer-to-consumer inventory alongside other third-party and Facebook user listings. Meta has already tested this program in Germany, France, and the United States with eBay.
As of February 13, 2025, Meta’s stock is trading at $723.52, down $1.86 (0.26%) from the previous close.
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About Meta Platforms
Meta Platforms is a technology company specializing in social media and virtual reality products and services. Founded in 2004, the company owns and operates Facebook, Instagram, WhatsApp, and Oculus, among other products and services. Meta’s mission is to give people the power to build community and bring the world closer together.
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