Britain secures commitments from Amazon and Meta over retail platforms

Canada News News

Britain secures commitments from Amazon and Meta over retail platforms
Canada Latest News,Canada Headlines
  • 📰 globeandmail
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 92%

The commitments from the U.S. tech giants mark the end of the Competition & Markets Authority’s investigation into Amazon Marketplace and Meta’s use of advertising data

The commitments from the U.S. tech giants mark the end of the Competition & Markets Authority’s investigation into Amazon Marketplace and Meta’s use of advertising data.

Amazon has committed to not use rival sellers’ marketplace data to gain an unfair advantage, ensuring that third-party marketplace sellers can compete on a level-playing field, the CMA said. Amazon’s commitments will ensures that independent sellers that use the marketplace will be given a fair chance for their offers being featured in the “Buy Box”, it said.

While Meta signed commitments to prevent it from “exploiting” its advertising customers’ data, resulting in competitors that advertise on its platforms having the ability to “opt out” of their data being used to improve Facebook Marketplace.CMA in July had said that Amazon’s offer to change the way it treats third-party sellers using its Marketplace platform addresses competition concerns in its preliminary view.Market data values update automatically.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Facebook-parent Meta faces EU ban on targeted advertisingFacebook-parent Meta faces EU ban on targeted advertisingThe ban on such advertising, which targets users by harvesting their data, is a setback for Meta Platforms, which has opposed efforts to curb the practice
Read more »

Google Deepmind Chief Calls Meta’s AI Criticisms ‘Preposterous’Google Deepmind Chief Calls Meta’s AI Criticisms ‘Preposterous’DeepMind co-founder Demis Hassabis hit back against criticisms from Meta Platforms Inc.’s chief AI scientist — who had criticized him and others in the industry for playing up the existential risks of the technology — calling them preposterous.
Read more »

European privacy officials widen ban on Meta's behavioral advertising to most of EuropeEuropean privacy officials widen ban on Meta's behavioral advertising to most of EuropeSAN FRANCISCO (AP) — European officials widened a ban on Meta’s “behavioral advertising” practices to most of Europe on Wednesday, setting up a broader...
Read more »

Britain to invest 300 million pounds in AI supercomputingBritain to invest 300 million pounds in AI supercomputingExplore stories from Atlantic Canada.
Read more »

Magnificent Seven stocks diverge on AI, cloud performancesMagnificent Seven stocks diverge on AI, cloud performancesAmazon (AMZN) and Microsoft (MSFT) were the only members of the Magnificent Seven tech stocks — also comprised of Alphabet (GOOG, GOOGL), Apple (AAPL), Meta ...
Read more »

PayPal Registered to Offer Cryptoassets Activities in BritainPayPal Registered to Offer Cryptoassets Activities in BritainGlobal payments giant PayPal has been registered by the Financial Conduct Authority to offer cryptoassets activities in Britain. The company had temporarily paused the ability of UK customers to buy cryptoassets but expects to restart in early 2024.
Read more »



Render Time: 2025-02-22 05:16:15