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European Commission and UK announce formal investigation into Facebook’s advertising practices

The European Commission and the UK Competition and Markets Authority have each said they have begun a competitive investigation into social media giant Facebook.
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Advertising service. The European Union (EU) said Facebook is using advertising data collected from advertisers to check for violations of EU competition rules. A formal investigation shows that Facebook is using its online advertising service. We will also evaluate whether the “Facebook Marketplace” is tied to that social network. A UK survey also mentioned Facebook Dating, a dating profile service launched in Europe in 2020. Facebook’s share price rose 19% this year, outpacing the S & P 500’s 12% rise.

European Commission and UK announce formal investigation into Facebook’s advertising practices

Source link European Commission and UK announce formal investigation into Facebook’s advertising practices

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