The European Union has accused Facebook parent Meta of breaching antitrust rules by distorting competition in the online classified ads business, the bloc’s latest maneuver to curb the power of Big Tech companies. Meta disputed the allegations.
In its complaint following an investigation launched last year, the EU’s executive commission took issue with the tech company tying its online classified ad business, Facebook Marketplace, to Facebook. It’s also concerned that Meta imposes unfair trading conditions on rivals “for its own benefit.”“The claims made by the European Commission are without foundation,” Tim Lamb, Meta’s head of EMEA competition, said in a prepared statement.
The company said it will study the complaints and is fully cooperating with the Commission’s investigation.The commission, the 27-nation bloc’s top antitrust enforcer, said that by tying Marketplace to its social network, Facebook users automatically have access to Marketplace “whether they want it or not,” raising concerns that competitors are shut out because the tie gives Marketplace an advantage that they can’t match.
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