The European Commission and the UK are launching separate investigations into Facebook citing antitrust concerns over the Facebook Marketplace and the company’s use of classified advertisements on the platform. In particular, regulators are concerned that Facebook is unfairly using advertising data to distort competition. Speaking on the investigation, the European Commission’s Margrethe Vestager, said: “Facebook …
European Union and the UK 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.