European Fee might impose a fantastic of as much as 10% of the corporate’s annual world turnover.
Brussels:
The European Fee on Monday mentioned it had advised Fb guardian firm Meta that it’s doubtless breaching EU antitrust legal guidelines by distorting competitors within the markets for on-line categorised adverts and abusing its dominant place.
“The Fee takes concern with Meta tying its on-line categorised adverts service, Fb Market, to its private social community, Fb. The Fee can be involved that Meta is imposing unfair buying and selling circumstances on Fb Market’s rivals for its personal profit,” the fee mentioned in a press release on its preliminary view.
The sending of a press release of objections doesn’t prejudge the end result of an investigation, the fee mentioned, including that – ought to it conclude there was an infringement – it might impose a fantastic of as much as 10% of the corporate’s annual world turnover.
(Apart from the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
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