Meta Set to Contest EU Antitrust Charges at Friday Hearing to Avoid Hefty Fine
Facebook owner Meta will contest EU antitrust charges at a closed hearing on Friday in a bid to stave off a possible hefty fine after regulators charged it with tying its classified advertisements service to its social network, people familiar with the matter said.The European Commission sent a charge sheet to the world's most popular social network last December, singling out two practices that showed that Meta abused its market power.It said Meta's tying of its online classified ads service Facebook Marketplace with its…