The EU and the UK have both launched antitrust investigations looking into the way Facebook handles user and advertiser data gives it an unfair advantage in the classified ads space.

The European Commission announced its probe on Friday, which will focus on Facebook Marketplace a platform which allows people to buy and sell items on Facebook.

"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 by European Commissioner for Competition Margrethe Vestager in a statement. "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,"




https://optimistchannel.com/05/06/2021/the-eu-and-the-uk-launched-antitrust-investigations-to-watch-facebooks-marketplace/

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