European Commission Investigates Meta's Targeted Advertising Tactics
Monday, 1 July 2024, 10:39
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EU Launches Probe into Meta for Targeted Advertising Practices
The European Commission has initiated a formal investigation into Meta's targeted advertising practices, alleging anticompetitive behavior.
Anticompetitive Allegations
- Abuse of Dominant Market Position: The probe focuses on whether Meta has been abusing its dominant market position to stifle competition and harm consumers.
Regulatory Implications
- Significant Fines: If found guilty, Meta could face significant fines and regulatory action.
These developments may have a profound impact on Meta's operations in the European market and the broader digital advertising industry.
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