- The E.U. antitrust regulators launched a probe into Facebook Inc’s FB Marketplace to track the potential violation of the E.U. rules by employing advertising data to compete with the advertisers in classified ads, Reuters reports.
- Facebook refuted the allegations and ensured complete cooperation.
- Facebook also acknowledged that Marketplace and dating offer people more choices and operate in a highly competitive environment with multiple big incumbents.
- Last month the European Competition Commissioner was reportedly preparing to launch the probe.
- Price action: FB shares traded higher by 1.80% at $331.91 during the market session on the last check Friday.
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
