EU and UK Open Antitrust Probes into Facebook
June 04 2021 - 6:22AM
Dow Jones News
By Sam Schechner
The European Union and the U.K. have opened formal antitrust
investigations into Facebook Inc.'s classified-ads service,
Marketplace, ramping up regulatory scrutiny for the company in
Europe.
Both the European Commission--the EU's top antitrust
enforcer--and the U.K.'s Competition and Markets Authority said
Friday that they are investigating whether Facebook repurposes data
it gathers from advertisers who buy ads in order to give illegal
advantages to its own services, including its Marketplace online
flea market.
The U.K. said it is also investigating whether Facebook uses
advertiser data to give similar advantages to its online-dating
service.
The two competition watchdogs said they will coordinate their
investigations.
Write to Sam Schechner at sam.schechner@wsj.com
(END) Dow Jones Newswires
June 04, 2021 06:08 ET (10:08 GMT)
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