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Facebook parent company Meta warned by EU that it is breaching antitrust laws

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The European Commission said in a preliminary view that it would further investigate and that it could impose a fine of up to 10% of Meta’s annual global turnover

that it is breaching EU antitrust laws by distorting competition in markets for online classified advertising and abusing its dominant position.

“The claims made by the European Commission are without foundation,” Meta spokesperson Tim Lamb said in a statement. Sources familiar with the matter last month told Reuters the EU antitrust regulators were drawing up charges against Meta over its use of customer data and the tying of its classified advertisements service to its social network.

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