US online giant Meta appears to have "breached EU antitrust rules" in the online classified section of its Facebook social network, the European Commission said Monday in a preliminary finding.

US online company Meta appears to have “breached EU antitrust rules” in the online classified section of its Facebook social network, the European Commission says. If the EU’s concerns stand, Meta could face a fine of up to 10 percent of its total global annual turnover according to new EU legislations. Meta’s worldwide revenue for the 12 months ending September 30 was USD 118 billion.