EU to officially investigate FB over anti-competitive practices - report

Wednesday, 26. May 2021 12:05

Facebook Inc. is facing an official antitrust investigation by the European Commission, the Financial Times reported on Wednesday, citing three unnamed sources familiar with the matter.

A formal announcement of the probe may take place "in days" although decisions on the timing and the extent of the inquiry still have to be settled on, according to the report.

The investigation will reportedly be focused on Facebook's actions when it comes to classified advertising and the impact of the free promotions of its Marketplace services on rivals in the same business.

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Breaking the News / MS