EU anti-trust probe on Facebook over ad data
SUBSCRIBE
JOBS
Custom Image
Go Back
3 years ago 09:49:53am Television

EU anti-trust probe on Facebook over ad data

New Delhi, 05-June-2021, By IBW Team

EU anti-trust probe on Facebook over ad data

The European Union and Britain have launched antitrust investigations into Facebook’s use of advertising data in its classified ads business — probes that could force it to change its business model on top of hefty fines.

Europe and Britain launched formal antitrust investigations into Facebook  on Friday to determine if the world’s largest social network was using customer data to unfairly compete with advertisers, in a new assault on its business model, Reuters reported.

The separate moves open new fronts in Europe against one of the US tech giants, with the investigations looking at how Facebook uses its vast trove of data, including from the nearly seven million companies that advertise on Facebook’s Marketplace.

Online commerce has become ever more important during the COVID-19 pandemic and Facebook boss Mark Zuckerberg said in April that more than a billion people were visiting the buying and selling service a month.

The EU probe confirmed what a person familiar with the situation told Reuters on May 26, 2021. Facebook said the investigations were without merit.

“In today’s digital economy, data should not be used in ways that distort competition,” European Competition Commissioner Margrethe Vestager said.

She has already slapped more than 8 billion euros ($9.7 billion) in fines on Alphabet unit Google and is also investigating Amazon  and Apple. The UK regulator is also examining Google and Apple.

Launched in 2016, Facebook’s Marketplace is used in 70 countries to buy and sell items and has been under EU scrutiny since 2019.

“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,” Vestager said.

The EU executive will also investigate whether Facebook ties Marketplace to the social network, giving it an advantage in reaching customers and threatening rival online classified ad services.


Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts

Our Events

  • img
    SatCab Symposium

    SatCab symposium organized by Aavishkar Media Group is an annual event. It's a well-informed event where we have a panel discussion on the current affairs and future forecasting on our industry.

  • img
    BCS
    Ratna Awards

    BCS Ratna Award organized by Aavishkar Media Group is an annual event. In this award function, a community of our industry is honored by receiving the award for the contribution of their work.

  • img
    Chetna Yatra

    Chetna Yatra organized by Aavishkar Media Group is an annual event. Held by Dr. AK Rastogi, Chairman of Aavishkar Media Group. Pilgrimage India in his car for connecting the people of our industry.

  • img
    Imaan India Sammaan

    Imaan India Samman is an event mobilized by Aavishkar Media Group, which was launched in 2012. Giving the award to the NGOs for giving their contribution to society.

Youtube Videos