Page 13 - Tim Lamb News Today

BRUSSELS (Reuters) -The European Commission on Monday said it has warned Facebook parent company Meta that it is breaching EU antitrust laws by distorting competition in markets for online classified advertising and abusing its dominant

The European Union on Monday accused Facebook parent Meta of breaching antitrust rules by distorting competition in the online classified ads business, the blocs latest maneuver to curb the power of Big Tech companies.

The European Union on Monday accused Facebook parent Meta of breaching antitrust rules by distorting competition in the online classified ads business, the bloc’s latest maneuver to curb the power of Big Tech companies.

It’s the first time the EU has accused Meta of abusing its dominant position.

The European Commission on Monday said it has warned Facebook parent company Meta that it is breaching EU antitrust laws by distorting competition in markets for online classified advertising and abusing its dominant position.

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The European Union's executive commission took issue with the tech company tying its online classified ad business, Facebook Marketplace, to Facebook.

The European Commission on Monday said it has warned Facebook parent company Meta that it is breaching EU antitrust laws by distorting competition in marke..

<div class="at-above-post addthis_tool" data-url="http://www.metro.us/eu-accuses-meta-of-antitrust-breaches-with-classified-ads/"></div>The European Union on Monday accused Facebook parent Meta of breaching antitrust rules by distorting competition in the online classified ads business, the bloc’s latest maneuver to curb the power of Big Tech companies. In its complaint following an investigation launched last year, the EU’s executive commission took issue wit...

Meta has been accused of violating antitrust laws in the European Union over its Facebook Marketplace platform.