Meta Platforms offered to curb the use of competitors' advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but regulators gave it the cold shoulder, people familiar with the matter said.
EU flag and Meta logo are seen in this illustration taken, May 22, 2023. REUTERS/Dado Ruvic/Illustration/File Photooffered to curb the use of competitors' advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but regulators gave it the cold shoulder, people familiar with the matter said.
Meta's proposal, similar to one made to the UK competition agency in May, suggests that the company will have to do more to counter the EU watchdog's charges if it wants to stave off a possible fine.
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