Facebook's Marketplace in EU and UK antitrust crosshairs


FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2, 2019. REUTERS/Johanna Geron/Illustration/File Photo

BRUSSELS/LONDON (Reuters) -Europe and Britain launched formal antitrust investigations into Facebook on Friday to determine if the world's largest social network was using customer data to unfairly compete with advertisers, in a new assault on its business model.

The separate moves open new fronts in Europe against the tech giant, whose platforms are used regularly by almost 3 billion people and which is accused of using its vast trove of ad data to better compete with companies from which it also collects data.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

   

Next In Tech News

X says Walmart pulled ads in October, weeks before Media Matters hate speech report and Musk rant
OpenAI delays launch of online store for custom chatbots
EU backs rules to protect digital devices from cyber threats
Digital DNA of smart cities
Machined for Malaysia: This AI startup is putting local flavour into large language models
Serbia's Vucic says electric Fiat Panda model to be produced in Serbia
AstraZeneca, AI biologics firm Absci tie up on cancer drug - FT
Schools should teach children about using AI, IT professionals say
Researchers sound alarm over metaverse's potential to cause harm
Generative AI helping hackers mount more sophisticated attacks

Others Also Read