European Commission tells Meta that Facebook Marketplace is unfair to rivals
Europe has hit Facebook owner Meta with a complaint that its Marketplace classified service is unfair to competitors. By tying its main social media site to Marketplace, it has a"substantial distribution advantage" over rivals, the EU Commission wrote in a"With its Facebook social network, Meta reaches globally billions of monthly users and millions active advertisers," EU Antitrust Commissioner said in a statement.
In addition, the Commission found that Meta imposes imposes unfair trading conditions on competitors that advertise on Facebook or Instagram. That essentially allows it to use"ads-related data derived from competitors for the benefit of Facebook Marketplace," it said. The practices, if confirmed, would infringe on EU rules that prohibit the abuse of a dominant market position.
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 Marketplace-Owner Meta Accused of Breaching E.U. Antitrust Rules in Latest BlowFacebook Marketplace has been accused of breaching antitrust rules by the E.U.’s European Commission. The European Commission, which is the executive branch of the European Union (E.U.), rele…
Read more »
EU Charges Meta With Antitrust Violations Linked to MarketplaceThe European Union charged Facebook parent Meta with antitrust violations for allegedly distorting competition by tying its online classified ad service to its social network.
Read more »
EU accuses Meta Platforms of breaching antitrust rules over online classified adsThe bloc's Commission said it 'takes issue with Meta tying its online classified ads service, Facebook Marketplace, to its personal social network, Facebook'
Read more »
EU accuses Meta of antitrust breaches with classified adsThe European Union has accused Facebook parent Meta of breaching the bloc’s antitrust rules by distorting competition in the online classified ads business.
Read more »
Bakery Four opening bagel shop in Gold’s Marketplace next yearEven after Bakery Four opened in a larger space on Tennyson this year to push out more pastries and bread to its cult following, the local bakery is struggling to keep up with demand. That's why another location is in the works.
Read more »
EU accuses Meta of antitrust breaches with classified adsThe European Union has accused Facebook parent Meta of breaching antitrust rules by distorting competition in the online classified ads business, the bloc’s latest maneuver to curb the power of Big Tech companies. Meta disputed the allegations.
Read more »