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EU, UK opens first anti-Facebook survey in Europe | European Union News

The European Commission has investigated whether Facebook misuses a large amount of its revenue from advertisers to compete in advertising campaigns.

Facebook Inc. is facing its first in-depth study by European regulators, recently in an attempt to address the dominant technical market in the region.

The European Commission has investigated whether Facebook misuses a large amount of its revenue from advertisers to compete in advertising campaigns. It will also determine if the company fraudulently supports the online marketplace on social networking sites.

Meanwhile, the UK said it was opening offices in the Facebook Market and Social Networks just hours after German antitrust officials announced a lawsuit against the Google News Showcase.

The lawsuit also opens up some of the world’s top companies to fight, as regulators explore their potential in the epidemic market while online marketing and advertising have become increasingly important for domestic workers. Germany is already researching Facebook and Inc. while France reviews Google and Apple Inc. ads

Opening a legal investigation means that regulators can begin to produce convincing evidence of a breach of the law, a process that could lead to a lawsuit, or a lawsuit, and could eventually pay a fine or order a business to change.

Facebook shares were down 1% to $ 328.1 at 9:47 p.m. in New York on Friday. Sales have been earning about 20.2% this year.

Friday’s move to the EU is the first time to raise the case on Facebook’s behavior beyond the first stages. This follows other major lawsuits involving Google, Apple Inc. by Inc. The EU has already paid Facebook for failing to provide accurate information on WhatsApp integration monitoring.

“Facebook collects a lot of information on social media users and beyond,” said Margrethe Vestager, EU chief of staff. EU officials “will see in detail whether this gives Facebook a competitive advantage especially in online advertising companies, where people buy and sell goods on a daily basis,” he said.

Internet marketing has played a very important role in Facebook business during the epidemic as more and more people are buying things online.

“Advertising continues to thrive and run our entire business,” said Facebook Chief Executive Officer Mark Zuckerberg in a bid for funding in April. He also said that more than 1 billion people now visit Facebook Market every month.

Facebook “will continue to work with this research to show that it is not profitable,” the company said in a statement sent by email. “We are always creating new and better jobs to meet the needs of people who use Facebook.

The UK intelligence director also opened up his research on Facebook, looking at the market and dating sites the company set up in Europe last year.

The Competition and Markets Authority wants to investigate whether Facebook is abusing its key role in collecting data from resources including one-way writing.

The CMA, which is heavily involved in technology, is conducting an independent study, but has said it will be in line with EU research. The CMA said its first investigation, including information gathering, would arrive in Feb.

The German Federal Cartel Office said on Friday that it was looking at a Google News show to see if its words provided “inappropriate” content for publishers. This has happened recently in the fight against Big Tech and German antitrust chief Andreas Mundt.

EU research highlights past research in Amazon by looking at how digital sites can use what they find from companies that use their services to compete with them. The EU Commission has been investigating Facebook since 2019. Facebook tried to block the investigation in court last year to limit what information officials could do.

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