European enforcers accused the tech giant of using its popular social network to unfairly advantage its classified-ads business.

The European Commission on Thursday fined Meta Platforms €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters.

Meta Platforms (META) has been fined 797.72 million euros ($843.31 million) by European regulators who accused the company of harming other classified marketplace providers in Europe by attaching its Marketplace product to Facebook. The European Commission ...