Meta also contends that Facebook users can choose whether or not to engage with Facebook Marketplace.The reality is that people use Facebook Marketplace because they want to, not because they have to, Meta said in its response to the decision.Facebook Marketplace has also come under regulatory pressure in other jurisdictions, with the company settling an investigation with the U.
K.’s Competition and Markets Authority after agreeing to a serie s anhui mobile database of concessions.RecommendedMeta to Appeal Against Million EU Antitrust FinePayPal-Backed Formance Raises Million to Grow Open-Source LedgerGallabox Raises Million to Help Small Businesses Create AI AgentsLloyds Shuttering Branches Amid Digital Banking ShiftSee More In: Antitrust, Big Tech, big tech regulation, EC, EU, European Commission, European Union, Facebook, Facebook Marketplace, fines, legal, Meta, News, PYMNTS News, regulations, TechREG, What's HotPayPal-Backed Formance Raises Million to Grow Open-Source LedgerBy PYMNTS | January , | Open-source financial infrastructure provider Formance raised million in a Series A funding round to grow its Ledger and other solutions that help developers build financial flows and products.
The funding round was co-led by PayPal Ventures and Portage and came after a -month period in which Formance increased its revenue by times, according to a Wednesday Jan. press release.This new funding will fuel Formance’s expansion across the U.S. and Europe and accelerate its vision of transforming its Open Source Ledger into a full-scale platform for building and managing sophisticated financial features, Formance Co-Founder Anne-Sybille Pradelles said in the release.
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