EU Charges Meta With Antitrust Violations Linked to Marketplace -- WSJ
19 Dezembro 2022 - 08:27AM
Dow Jones News
By Kim Mackrael
BRUSSELS -- The European Union has charged Facebook parent Meta
Inc. with antitrust violations for allegedly distorting competition
by tying its online classified ad service to its social
network.
The European Commission, the bloc's antitrust enforcer, on
Monday issued a charge sheet against Meta that says the U.S. tech
company automatically gives Facebook users access to its
Marketplace service, potentially pushing aside competitors. The
commission said it is also concerned that Meta imposes unfair
conditions on competing online advertising services through its
terms and conditions.
Meta will have an opportunity to argue its case before the
commission makes a final decision. If the commission concludes the
company breached antitrust rules, Meta could face a fine of up to
10% of its global annual revenue.
Write to Kim Mackrael at Kim.mackrael@wsj.com
(END) Dow Jones Newswires
December 19, 2022 06:12 ET (11:12 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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