www.marketwatch.com
The European Commission has accused Meta Platforms of antitrust violations, escalating regulatory pressure from Europe on US tech companies. The EU alleges Meta unfairly ties its online advertising service, Meta Marketplace, to its dominant social network, Facebook. This potentially gives Meta an unfair advantage by leveraging Facebook’s popularity to stifle competition in the Marketplace. The Commission’s concerns include forcing users to use Facebook Marketplace and restricting competitors’ access to valuable advertising data. This accusation could result in significant fines and force Meta to alter its business practices in the EU.
