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European Commission launches antitrust investigation into Facebook

Source : 112 Ukraine

Regulators are concerned about Facebook’s control of classified ads
14:12, 5 June 2021

Open source

The European Commission and UK regulators have opened antitrust investigations into Facebook over concerns its Marketplace service is unfairly distorting competition for classified ads. This is reported by DW with reference to the European Commission’s competition head, Margrethe Vestager.

Both are interested in whether or not Facebook unfairly used advertising data to compete in the classified ads market, and are collaborating as part of the investigation.

Related: Ukraine in Top 5 of countries spreading fake information on Facebook

"Facebook collects vast troves of data on the activities of users of its social network and beyond, enabling it to target specific customer groups. We will look in detail at whether this data gives Facebook an undue competitive advantage in particular on the online classified ads sector, where people buy and sell goods every day, and where Facebook also competes with companies from which it collects data," the message reads.

In particular, the commission says a preliminary investigation has raised concerns that Facebook may be using data from rival classified ads services that advertise on its platform to compete with them. The commission and UK’s Competition and Markets Authority (CMA) will now carry out in-depth formal investigations to assess these concerns.

Meanwhile, Ukraine is one of the leaders of the world in the number of operations of information influence in the Facebook social network that were organized in its territory. Ukraine occupies one of the first positions in the rating and enters TOP5 countries of origin of such operations.

Related: Facebook deleted network of accounts connected to Servant of the People party

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