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The European Commission (EC) has accused Facebook parent company Meta of breaching antitrust rules and announced on Monday having issued a formal complaint that could lead to fines.
In its complaint following an investigation launched last year, the commission alleges that the tech firm was squeezing out classified ad rivals by tying Facebook Marketplace to its own social network.
The EU watchdog suggested that Facebook users automatically had access to Marketplace “whether they want it or not.” The bloc’s antitrust commissioner, Margrethe Vestager, noted to Bloomberg that “with its Facebook social network, Meta reaches globally billions of monthly users and millions [of] active advertisers.”
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