Last Updated: May 29, 2023, 15:34 IST
London, United Kingdom (UK)
Meta continues to face antitrust considerations
Britain’s competitors watchdog stated Meta had supplied to restrict its use of different companies’ promoting information for its Facebook Marketplace.
LONDON: Britain’s competitors watchdog on Friday stated social media large Meta had supplied to restrict its use of different companies’ promoting information for its Facebook Marketplace service to deal with the regulator’s competitors considerations.
The Competition and Markets Authority (CMA) stated it was minded to settle for the commitments, which embrace advertisers having the ability to choose out of permitting their information to be used to enhance the Facebook Marketplace categorised adverts platform.
CMA govt director of enforcement Michael Grenfell stated: “Reducing the risk of Meta unfairly exploiting the data of businesses who advertise on its platform for its own competitive advantage could help many UK businesses who advertise there.
“We at the moment are consulting on these commitments which we imagine, at this stage, will deal with our considerations.”
The CMA cited an example of Meta being able to use data derived from a user’s engagement with ads on Facebook to deduce they were interested in trainers, which could then influence listings for shoes to that user on Facebook Marketplace.
A consultation on Meta’s proposals will close on June 26, it said.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – Reuters)
