UK and EU competition watchdogs launch twin antitrust inquiries into Facebook over platform’s use of ad data ...News

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UK and EU competition watchdogs launch twin antitrust inquiries into Facebook over platform’s use of ad data
Facebook will be investigated by the competition watchdogs of the UK and the EU for allegedly using data from its advertisers to carve out an unfair advantage over rivals, authorities in the two territories have announced. The European Commission said on Friday it had opened a formal antitrust investigation to assess whether the social media giant had violated the bloc’s competition rules by using ad data to gain an edge. The probe will also assess whether the company links its online classified ads service ‘Facebook Marketplace’ to its social network, which the Commission said would be a “breach of EU competition rules.” Meanwhile, th

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