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
Andrea Bertolini-themetaeconomist

TME TV - INTERVIEW WITH ANDREA BERTOLINI

pepe

$PEPE: more and more power to Memes

European Union's AI Act is law. It's the first law on AI technologies in the world

disney-metaverse-themetaecnomist

Is Disney back in the metaverse?

women-work-blockchian-themetaeconomist

Gender gap in female-led blockchain startups. Women's companies received only 6% of investments

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

1 2 3 61
TheMetaEconomist 2022 - Privacy / Cookies
crossmenu