The Commission said in a preliminary view that it would further investigate and that it could impose a fine of up to 10 percent of the company’s annual global turnover, if there is sufficient evidence of an infringement of European Union rules.
said it has warned Facebook parent company
that it is breaching EU antitrust laws by distorting competition in markets for online classified advertising and abusing its dominant position.
said in a preliminary view that it would further investigate and that it could impose a fine of up to 10 percent of the company’s annual global turnover if there is sufficient evidence of an infringement of
said in a statement that she is concerned that Meta ties its dominant social network Facebook to its online classified ad services, which is called
« This means Facebook users have no choice but to have access to Facebook Marketplace, » she said.
Meta denied that its business practises were anti-competitive.
« The claims made by the European Commission are without foundation, » Meta spokesperson
« We will continue to work with regulatory authorities to demonstrate that our product innovation is pro-consumer and pro-competitive, »
The Commission said that besides tying its online classified ads service to its social network, Meta was also abusing its dominant position by unilaterally imposing unfair trading conditions on competing online classified ads services which advertise on Facebook or Instagram.
