Reuters exclusively reported that Meta Platforms (META.O) offered to curb the use of competitors’ advertising data for its Facebook Marketplace online classified service in an attempt to settle an EU antitrust investigation but regulators gave it the cold shoulder.
Technology
EU regulators rebuff Meta’s offer to curb use of ad data
25 July 2023, 6:29 pm 1 minute
Market Impact
EU antitrust regulators snubbed Meta’s offer to limit the use of competitors’ advertising data for its Facebook Marketplace. Meta is unlikely to give more concessions, increasing the odds that it will be hit with a hefty fine in the coming months.
Article Tags
Topics of Interest: Technology
Type: Reuters Best
Sectors: Business & FinanceTechnology
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
