The European Commission has imposed a record-breaking €797.72 million fine on Meta, the parent company of Facebook, for violating antitrust regulations by leveraging its dominant position in the social media market. This landmark decision marks the first instance of Meta being penalized under EU competition laws. The Basis of the Fine The fine stems from […]
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In a recent development within the tech industry, Margrethe Vestager, the European Union’s antitrust chief, has raised concerns regarding the fee structures implemented by tech giants Apple and Meta Platforms (formerly Facebook). Vestager’s warnings highlight potential obstacles these fees may pose to the objectives of the Digital Markets Act (DMA), aimed at fostering competition and […]
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Facebook’s parent company, Meta, has provided significant assurances to U.K. antitrust regulators to address concerns regarding its utilisation of advertising data to favor its own products. These measures come as Meta faces scrutiny over allegations of leveraging user data from its social network to influence content display and recommendations on Facebook Marketplace. These commitments from […]
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Facebook owner Meta Platforms has been fined a record $1.3 billion by European Union (EU) regulators for violating privacy rules by sending user data to the United States. The fine, the largest ever privacy penalty imposed by the EU, highlights the increasing risks faced by companies that fail to comply with EU privacy regulations. The […]
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France’s anti-trust watchdog body said on Thursday that it had approved commitments made by Facebook owner Meta Platforms regarding the French online advertising sector, Reuters reported. Meta has committed to giving access over a five-year period to advertising inventories and campaign data to so-called advertising technology companies on transparent, objective and predictable conditions, the French regulator […]
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On April 28, Meta published its quarterly report where the company offered relevant information about the legal and regulatory risks that is facing and how these risks could affect the company´s revenue. The company is facing lawsuits in the U.S., Europe and around the world. Perhaps the most relevant one for Meta is the ongoing […]
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Facebook’s rebranded parent, Meta, has become the next tech giant to be confirmed as subject to a special competition abuse control regime in Germany, following a 2021 update to its digital competition rules that are focused on large digital companies which are considered to be of “paramount significance for competition across markets”, as the law […]
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U.S. Secretary of Commerce, Gina Raimondo, showed her full support on Wednesday to key legislation that will force Big Tech companies to compete with smaller firms.
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According to news sources, the European Union is planning to open a San Francisco office to engage with Silicon Valley tech giants under close scrutiny from new digital rules.
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The Federal Trade Commission (FTC) has been granted with a second chance to continue with its case against Facebook (now Meta), after a U.S. judged rejected the company’s motion to dismiss the lawsuit in a new filing on Tuesday.
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