U.K and EU regulators have launched an antitrust investigation on Facebook, according to CNBC. The authorities are scrutinizing the social media giant’s abuse of its dominant position in the digital advertising space.
U.K authorities investigations focus on whether Facebook used data unfairly to benefit on its marketplace and online dating service.
U.K authorities say any advantage to Facebook makes rivals unable to succeed which may limit consumer choice.
European Commission seeks to establish whether Facebook illegally gathered data from advertisers to rival them in areas such as classified ads.
The EU will seek to establish whether the link between Facebook’s marketplace and social network abused its competition rules.
The investigation of Facebook in Europe follows similar probes on Google, Amazon, and Microsoft.
Facebook stock is currently gaining. FB: NASDAQ is up 1.07%
