Meta Hit With EU Antitrust Charges Over Marketplace Service

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Meta Hit With EU Antitrust Charges Over Marketplace Service

Bloomberg2022-12-19

EU sends statement of objections over unfair tying concernsCase is latest round of EU crackdown on power of Big TechMeta Platforms Inc. was hit with a complaint from European Union antitrust watchdogs...

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carroll
·2022-12-19
hihi
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  ho
  2022-12-19
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Andrewinho
·2022-12-19
😱😱😱
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Lao Tzu Ang
·2022-12-19
Challenge to Meta again.
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The case is part of wider efforts by regulators across Europe to crack down on possible abuses of a dominant position. Meta is also the subject of probes in the UK and Germany.The probe is the latest in a long-running EU crackdown on the market power of tech firms such as Google, Apple Inc. and Amazon.com Inc. that’s led to multiple probes, fines and beefed-up laws. The EU previously fined Facebook for failing to provide correct information in the merger review of the WhatsApp takeover.Tim Lamb, Meta’s head of EMEA competition, said in a statement that the “claims made by the European Commission are without foundation.”He said the company “will continue to work with regulatory authorities to demonstrate that our product innovation is pro-consumer and pro-competitive.”The EU investigation mirrors an earlier probe into Amazon by looking at how a so-called digital platform may use data it gathers from companies that use its service to compete against them. The EU commission had been investigating Meta’s Facebook since 2019. Facebook sought to curb the probe with lawsuits to limit what information officials could scoop up.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9926928497,"gmtCreate":1671451925319,"gmtModify":1676538538396,"author":{"id":"3576287131221381","authorId":"3576287131221381","name":"Lao Tzu Ang","avatar":"https://static.tigerbbs.com/501039474851410999b0b5711797e95d","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1},"htmlText":"Challenge to Meta again.","listText":"Challenge to Meta again.","text":"Challenge to Meta again.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9926928497","repostId":1183628434,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":41,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}