Facebook’s parent company unfairly dominates its market, the Turkish competition authority ruled Türkiye’s competition watchdog has issued an $18.63 million fine to Facebook’s parent company, Meta. It found that the merging of user data from Facebook, WhatsApp, and Instagram gave Meta an unfair advantage in advertising. The fine was decided last week and announced in a statement on Wednesday. By combining data collected from all of its subsidiaries, the statement explained, Meta “dominates” the online advertising market and “creates barriers to entry” for its competitors. An investigation was launched in 2021 aft
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