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 

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