European Union and British regulators opened dual antitrust investigations into Facebook on Friday to look into whether the company distorts competition in the classified advertising market by using data to compete unfairly against rival services.
European Union and British regulators opened dual antitrust investigations Friday into whether Facebook distorts competition in the classified advertising market by using data to compete unfairly against rival services. German officials, meanwhile, launched a fresh investigation of Google using stepped up powers to scrutinize digital giants. The multiple probes represent the latest escalation by European regulators in their battle to rein in the dominance of big American tech companies.
FILE - In this file photo dated Friday, April 23, 2021, the Facebook app is shown on a smart phone, in Surfside, USA. European Union regulators said Friday June 4, 2021, they have opened an antitrust investigation into Facebook to look into whether the company distorts competition in the classified advertising market by using data it collects from rival services. (AP Photo/Wilfredo Lee, FILE)
KELVIN CHANJune 4, 2021, 11:51 AM·3 min readLONDON (AP) — European Union and British regulators opened dual antitrust investigations Friday into whether Facebook distorts competition in the classified advertising market by using data to compete unfairly against rival services.
German officials, meanwhile, launched a fresh investigation of Google using stepped up powers to scrutinize digital giants.The multiple probes represent the latest escalation by European regulators in their battle to rein in the dominance of big American tech companies. The focus of the EU and U.K. investigations highlights a longstanding concern that the data the companies collect from people or businesses with their platforms is used to get an advantage over competitors, which could include those same businesses. headtopics.com
“Facebook collects vast troves of data on the activities of users of its social network and beyond, enabling it to target specific customer groups,”said Margrethe Vestager, the European Commission’s executive vice president in charge of competition policy. “We will look in detail at whether this data gives Facebook an undue competitive advantage, in particular on the online classified ads sector, where people buy and sell goods every day, and where Facebook also competes with companies from which it collects data.”
The U.K.’sCompetition and Markets Authority saidin a simultaneous announcement that it launched its own probe to examine whether Facebook’s collection and use of data gave it an unfair advantage over competitors providing classified data and online dating services.
Facebook said it “will continue to cooperate fully with the investigations to demonstrate that they are without merit.”Marketplace, Facebook's classified ad service, and Facebook Dating “offer people more choices and both products operate in a highly competitive environment with many large incumbents,” the company said in a statement.
The EU's executive commission, the bloc's top antitrust enforcer, is looking at the possibility that Facebook collects data on what users are interested in based on how rival classified ad sites are advertising their services to Facebook users. The commission is worried Facebook then uses that data to tailor Marketplace to outcompete the rival sites. headtopics.com
Story continuesIt's also looking at whether the way Marketplace is embedded into the social network gives Facebook an advantage in reaching customers and shutting out competing sites, in violation of EU competition rules.The U.K.'s competition watchdog is pursuing its own investigation, which includes examining whether data from Facebook Login was unfairly used. The feature lets users sign into other websites, apps and services with their Facebook credentials, making it a potentially big source of information on users' interests.
“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," Andrea Coscelli, chief executive of the CMA, said in a press statement.
The EU and U.K. investigations could result in formal charges, but it’s not a given. Regulators have the power to impose penalties worth up to 10% of a company's annual revenue, which in Facebook’s case would amount to billions of dollars.Also Friday, Germany’s competition watchdog, which has
gained new powers to use on digital companies, opened its latest investigation of Google. The Federal Cartel Office, or Bundeskartellamt, said it is examining whether Google’s News Showcase, a licensing platform for publishers launched last fall, includes “unreasonable conditions” in contracts for news publishers. headtopics.com
The federal office is also looking at whether search results give preference to publishers using the platform at the expense of others that haven’t been signed up.Google denied giving preference to news partners and said it is cooperating with the German watchdog agency.Read more: Yahoo News »
July 2021: The Next Full Moon is the Buck Moon
The next full Moon goes by many names including the Buck Moon.
Facebook Online Ads, Dating Data Usage Will Be Probed by U.K., European CommissionThe U.K. Competition and Markets Authority (CMA) and the European Commission have launched probes into Facebook ’s use of data for online classified ads and dating, and whether an unfair advan…
German competition authority launches probe into Google's news showcaseGermany's competition authority launched a probe against Alphabet Inc's (GOOGL.O) Google news showcase, a platform which makes news available on the tech giant's news website, it said on Friday.
EU, U.K. Launch Antitrust Probes Into Facebook Classifieds, Dating ServicesThe European Union and the U.K. on Friday unveiled formal antitrust investigations into Facebook ’s Marketplace classifieds service, with Britain also investigating its online dating service. The pr… please follow me back. Oh, oh. This could affect a lot of people ... and these reptiles!
EU set to launch infringement procedure over Italian media law - paperThe European Commission is set to launch an infringement procedure against Italy over a media law potentially curbing Vivendi's (VIV.PA) interests in the country, newspaper la Repubblica reported on Friday.
EU and U.K. Open Antitrust Probes Into FacebookThe European Union and the U.K. opened formal antitrust investigations into Facebook ’s classified-ads service Marketplace, ramping up regulatory scrutiny for the company in Europe. Good move Won’t take long At last. He is looking more and more like demon lol. Let him out from the basement 😆 We all now Facebook is one big spy machine for USA gov and using manipulative technics to brainwash people sorting news, ads etc. Keeping people in their matrix bubbles.
Facebook faces huge fines and changes to business in antitrust probeThe European Commission and Britain's Competition and Markets Authority are investigating whether Facebook uses data from advertisers to compete with them.