U.K. and European Union regulators announced they have opened similar sweeping antitrust investigations into massive U.S. social media company Facebook on Friday.
Both …
U.K. and European Union regulators announced they have opened similar sweeping antitrust investigations into massive U.S. social media company Facebook on Friday. Both investigations will examine whether Facebook has violated antitrust laws in its use of advertising data and how its marketplace is embedded to its platform, according to the announcements Friday. The fairness and competition probes were launched by the U.K. Competition and Markets Authority (CMA) and the European Commission, which both said they would work closely. “We intend to thoroughly investigate Facebook’s use of data to assess whether its business practices are giving it an unfair advantage in the online dating and classified ad sectors,” CMA Chief Executive Andrea Coscelli said in a statement Friday. “Any such advantage can make it harder for competing firms to succeed, including new and smaller businesses, and may reduce customer choice.
