European Commission: Meta* “extinguishes” its competitors to capture entire market

The European Commission is worried that the Facebook* MarketPlace trading platform imposes unfair trading conditions to competitors Facebook* Marketplace in their own interests. “

The social network collects a large amount of “data from competitors”, and the EU claims that Meta* uses this information to capture the entire market.

European Commission stated that social networks automatically gain access to Facebook* Marketplace, regardless of that, regardless They want it or not. In other words, they have no other choice but to use this site. According to the EC, this gives the company “a significant advantage in promotion, which competitors cannot compare with”.

Tim Lamb, the head of the META* competition department in the EMEA region (Europe, the Middle East and Africa), said that “statements of the European Commission are unfounded.” Lamb added that the company will continue to work with the regulatory authorities to demonstrate that the innovative products of META* are focused on consumers and competitiveness. “

In addition, the EC is concerned that Meta* has established unfair trade conditions using data on competing announcements online services. In case of confirmation of the action of META* will be declared illegal in accordance with the rules of competition of Europe.

* META and the company’s products (Instagram and Facebook) are recognized as extremist organizations; Their activities are prohibited in the Russian Federation.

/Media reports cited above.