Facebook Marketplace Accused of Breaching E.U.’s Antitrust Rules: ‘Distorting Competition’

Facebook
X
Facebook Marketplace Accused Of Breaching E.U.'s Antitrust Rules: 'Distorting Competition'

The E.U.’s European Commission has accused Facebook Marketplace of breaching antitrust rules.

The Commission said due to Facebook dominating both social networks and an online classified ads market; it has been “distorting competition” by coupling the two services.

The E.U. adds that “users of Facebook automatically have access to Facebook Marketplace, whether they want it or not,” which is a concern.

The European Commission Statement of Objections released Monday said it had informed Facebook parent Meta that a “preliminary view” showed the company in violation.

A Statement of Objection is a pre-curser to an investigation into what it believes is a violation of E.U. antitrust rules.

If an investigation concludes Facebook has violated antitrust rules, the Commission can impose a fine of up to 10% of Meta’s annual worldwide turnover.

Margrethe Vestager, the Commission’s executive V.P. for competition policy, said:

“With its Facebook social network, Meta reaches globally billions of monthly users and millions active advertisers.”

“Our preliminary concern is that Meta ties its dominant social network Facebook to its online classified ad services called Facebook Marketplace,” Vestager added.

RELATED: Zuckerberg Tells Joe Rogan FBI Told Facebook to Censor Hunter Biden Laptop Story

“This means Facebook users have no choice but to have access to Facebook Marketplace. Furthermore, we are concerned that Meta imposed unfair trading conditions, allowing it to use of data on competing online classified ad services,” Vestager continued.

“If confirmed, Meta’s practices would be illegal under our competition rules.”

The report also raises concerns Meta is imposing “unfair trading conditions” on Marketplace competitors who pay to advertise on Facebook and Instagram via ‘onerous terms and conditions.’ This allows Meta to use data derived from competitors and benefit their own Marketplace service – this infringes on Article 102 of the E.U.’s Treaty of the Functioning of the European Union.

The investigation length will depend on various factors, the Commission says.

The news comes a month after Meta announced it was laying off thousands of staffers due to an economic downturn.

Another E.U. investigation into potential anti-competitive behavior by Facebook, launched last June, is still ongoing.

In August, the Federal Trade Commission filed an amended antitrust complaint against Facebook after it first was dismissed.

Earlier this year, the U.K.’s Competition and Markets Authority (CMA) ordered Meta to sell GIF provider, Giphy, forcing the company to unwind a $400 million acquisition.

NOTICE: Our comment section is currently disabled due to malicious attacks preventing our readers being able to comment properly. We are in the process are implementing a new system which will be live soon! Sorry for any inconvenience!

SHARE
TWEET
Telegram
Email
Reddit
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Breaking

Trending

Elon Musk Blisters Kamala Harris on X after Biden Drops Out: 'Imagine 4 Years of This'
Elon Musk Blisters Kamala Harris on X after Biden Drops Out: 'Imagine 4 Years of This'
Tech billionaire Elon Musk responded to Joe Biden’s endorsement of Kamala Harris shortly after...
MTG Demolishes Smug British Reporter from The Times: 'You're DONE!'
MTG Demolishes Smug British Reporter from The Times: 'You're DONE!'
Conservative firebrand Rep. Marjorie Taylor Greene (R-GA) unleashed on a British reporter from The Times...
CNN Data Analyst Sounds Alarm: 'It Will Be Difficult for Kamala Harris to Beat Trump'
CNN Data Analyst Sounds Alarm: 'It Will Be Difficult for Kamala Harris to Beat Trump'
CNN data analyst Harry Enten admitted that the Democrats’ move to replace Joe Biden with Kamala...
Whoopi Goldberg Viciously Mocks Trump's 17-Year-Old Granddaughter's RNC Speech
Whoopi Goldberg Viciously Mocks Trump's 17-Year-Old Granddaughter's RNC Speech
The ‘View’ co-host Whoopi Goldberg delivered a sickening attack on Donald Trump‘s granddaughter,...
Lawmakers Shatter Kim Cheatle's 'Sloped Roof' Excuse after Visiting Trump Assassination Attempt Site
Lawmakers Shatter Kim Cheatle's 'Sloped Roof' Excuse after Visiting Trump Assassination Attempt Site
Secret Service Director Kim Cheatle’s claim that the “sloped roof” at the Butler rally...
MSNBC's Joy Reid Goes FULL Tin Foil Hat, Suggests Trump's Assassination Attempt Was 'Staged'
MSNBC's Joy Reid Goes FULL Tin Foil Hat, Suggests Trump's Assassination Attempt Was 'Staged'
Whackjob Joy Reid floated an unhinged conspiracy theory surrounding the assassination attempt on former...
Tucker Delivers Stunning Speech at RNC: 'The World Is Different' after Trump Assassination Attempt
Tucker Delivers Stunning Speech at RNC: 'The World Is Different' after Trump Assassination Attempt
Former Fox News host Tucker Carlson didn’t hold back during his speech at the Republican National...
Investment Firm That Shorted Trump Media Stock Day before Assassination Attempt Claims It Was a 'Clerical Error'
Investment Firm That Shorted Trump Media Stock Day before Assassination Attempt Claims It Was a 'Clerical Error'
The investment firm that reportedly placed a massive option on the Trump Media & Technology Group...
Trump Calls for Investigation into Biden's Doctors for Lying about President's Health
Trump Calls for Investigation into Biden's Doctors for Lying about President's Health
Republican nominee Donald Trump, who has been sounding the alarm about Joe Biden‘s health for years,...
CNN's Van Jones Admits Support for Trump Like Nothing He's Seen Since Obama 2008
CNN's Van Jones Admits Support for Trump Like Nothing He's Seen Since Obama 2008
CNN‘s Van Jones acknowledged the groundswell of support around Donald Trump at the RNC, recalling...
0
What are your thoughts? Click to commentx
()
x

JOIN THE FIGHT!

SIGN UP FOR OUR FREE BREAKING NEWSLETTER STRAIGHT TO YOUR INBOX! 

We don’t spam! Read our Privacy Policy for more info.