- France's antitrust watchdog on Thursday gave Facebook-owner Meta Platforms, Inc META two months to change its access rules for ad verification partners for allegedly exploiting its influence in online advertising.
- Meta's invite-only approach allowed access to its data to only the biggest operators, the watchdog alleged.
- The competition authority urged Meta to publish new access criteria for partners, which must be transparent, objective, non-discriminatory, and proportionate, Reuters reports.
- Also Read: Hitting Where It Hurts - What's Going On With Meta Stock Today
- Ad verification companies offer services including measuring how many views online ads receive, detecting fraudulent online traffic, and ensuring client ads do not appear on websites harming their brand.
- Adloox, a small, independent French ad verification company, brought the case against Meta in 2022 after failing to gain access to Meta's data for these services from 2016 - 2022.
- The French watchdog found that Meta's barrier to entry constituted an "immediate and grave" harm to Adloox precisely and to the independent ad verification sector as a whole.
- Price Action: META shares traded lower by 0.54% at $235.73 on the last check Thursday.
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