European Commission initiates an investigation on Facebook

European Commission initiated an investigation to decide whether Facebook had infringed EU competition rules by using advertising data of advertisers to compete with them in classified ads markets. The investigation will also consider whether Facebook’s online classified ads service is also tied to Facebook’s social network. The press release dated 04.06.2021 about the investigation is available via https://ec.europa.eu/commission/presscorner/detail/en/IP_21_2848