Fасebооk's Mаrketрlасe рrоbed by EU, UK аntitrust breасhes

The European Commission and the UK Competition and Markets Authority are investigating whether Facebook uses advertisers' data to compete with them.

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source: https://ibb.co/HzfSrpn

EU and UK has launched an antitrust investigation into Facebook's use of advertising data in its classified ad business, investigations that could force it to change its business model on top of hefty fines.

The European Commission and the UK Competition and Markets Authority are investigating whether Facebook uses advertisers' data to compete with them.

The opening of European Competition Commissioner Margrethe Vestager's first antitrust investigation into the world's largest social network marks her latest battle with one of the American tech giants.

Vestager has fined Alphabet unit Google more than 8 billion euros ($9.7 billion) and is also investigating Amazon and Apple.

The European Commission and Britain's Competition and Markets Authority are investigating whether Facebook uses data from advertisers to compete with them.

The European Union and the U.K. have launched antitrust investigations into Facebook's use of advertising data in its classified ads business, probes which could force it to change its business model on top of hefty fines.The European Commission and Britain's Competition and Markets Authority are investigating whether Facebook uses data from advertisers to compete with them.Vestager will zoom in on Facebook's vast data of nearly 7 million companies that advertise on Facebook.

“We will look in detail to see whether this data gives Facebook an unfair competitive advantage, particularly in the online classified ads sector, where people buy and sell stuff every day, and where Facebook competes with the companies from which it collects data. is," she said. .

"In today's digital economy, data should not be used in ways that distort competition," Vestager said.

The UK Competition and Markets Authority also announced its investigation into whether the network is abusing its dominant position in social media or digital advertising through the collection and use of its data.

Facebook said it would fully cooperate with both the European Union. and UK investigations "to demonstrate that they are without merit. Vestager said."It said that its "marketing and dating give people more choices, both products operating in a highly competitive environment with many large incumbents.""In today's digital economy, data should not be used in ways that distort competition," Vestager said.