Facebook faces huge fines and changes to business in antitrust probe

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Facebook's marketplace investigated for antitrust violations by the EU and the UK.

The opening of European Competition Commissioner Margrethe Vestager's first antitrust probe into the world's largest social network marks her latest fight with one of the U.S. tech giants.

Vestager will zoom in on Facebook's vast trove of data from the near 7 million companies that advertize on Facebook. "In today's digital economy, data should not be used in ways that distort competition," Vestager said.

 

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