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.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Nvidia director Harvey Jones sells $44 million in shares held for over three decades
Micron forecasts blowout earnings on booming AI market, shares rise 7%
Exclusive-FTC investigating Instacart's AI pricing tool, source says
Amazon shakes up AI team as veteran Prasad leaves, DeSantis promoted
Coinbase pushes into stock trading, event contracts as retail battle heats up
Exclusive-Google works to erode Nvidia's software advantage with Meta's help
Brazil to get satellite internet from Chinese rival to Starlink in 2026
US gaming platform Roblox pledges changes to get Russian ban lifted
Oracle says Michigan data center project talks on track without Blue Owl
Coursera to buy Udemy, creating $2.5 billion firm to target AI training

Others Also Read