Facebook parent Meta warned by EU of breaking antitrust laws - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

📆 2022/12/20 3:49:00
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The European Commission on Monday said it has warned Facebook parent company Meta that it is breaching EU antitrust laws by distorting competition in markets for online classified advertising and abusing its dominant position.

[File Image] : The logo of Facebook parent Meta is beneath a 3D-printed logo of Facebook on a laptop keyboard.[File Image] : The logo of Facebook parent Meta is beneath a 3D-printed logo of Facebook on a laptop keyboard.

“The claims made by the European Commission are without foundation, we will continue to work with regulatory authorities to demonstrate that our product innovation is pro-consumer and pro-competitive,” Meta spokesperson Tim Lamb said in a statement.

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