EU vs Meta: a distorting competition?

EU vs Meta: a distorting competition?

21 December 2022

Category

The European Commission noticed that Meta is doing a distorting competition online.

Zuckerberg’s society in fact  using its own “Facebook Marketplace” for advertising and it imposing discriminatory trading conditions against other competitors.

Facebook Marketplace is classified ad-section that helps individuals and businesses sell items locally. Marketplace wants to compete with eBay, Subito, etc.

Meta is abusing its advantageous position. For this reason, EU decided to do a preliminary action: he wants to investigate. If Meta’s accusations were to be founded, the penalty could be 10% off of the society’s annual global turnover. 

Stay tuned…!

SOURCE: Reuters 

READ ABOUT FIAT’S METAVERSE…

No active "ca-sidebar-59" sidebar
Recent Post

With Buterin's enthusiasm on AI based blockchain and after Sora's launch, AI crypto growth is real

torrevieja crypto-themetaeconomist

Crypto-friendly cities: Torrevieja (Spain) creates a plan to pay with crypto

first ICO on bitcoin blockchain-themetaeconomist

Bitcoin Dogs is about to launch the first ever ICO on Bitcoin Blockchain

Polygon's attraction, 6 thousand new developers for MATIC cryptocurrency

deso blockchain

DeSo likes DeFi

MetaMask is working at a new way to interact with blockchain users

1 2 3 60
TheMetaEconomist 2022 - Privacy / Cookies
crossmenu