EU Antitrust Commissioner “With the Facebook social network, Meta reaches billions of monthly users and millions of active advertisers worldwide,” it said in a statement. said. “Our primary concern is that Meta connects the social network Facebook to online classified ad services called Facebook Marketplace. This means that Facebook users can automatically access Facebook Marketplace whether they want it or not.”
Also, the CommissionMeta’s Facebookor on Instagram found that it imposed unfair trading terms on advertisers. This is essentially “data about ads from competitors”. FacebookMarketplace”. EU would be breaking the rules. The EU has the power to impose fines of up to 10% of Meta’s annual income and prohibit this behavior.
Meta accused of injustice once again
Meta’s head of competition for EMEA said in a statement that “the allegations made by the European Commission are unfounded” and that the company’s product innovationsHe said they will continue to work with regulatory authorities to demonstrate that they are consumer and pro-competitive.
Last year, the European Commission advertisinga survey of Facebook’s classified advertising practices to determine whether it violates competition rules by using its data for its own benefit. antitrust initiated the investigation. Statement of Objects published today, EU antitrust a formal step in their investigations to notify the parties of the complaints brought against them. According to the commission, Meta can now examine the documents, respond in writing and request an oral hearing to present their comments.