Europe, UK hit Facebook with formal antitrust investigations
NY Post
Regulators in Europe and the United Kingdom on Friday announced they have launched formal competition investigations into Facebook in a two-front offensive on the social media giant’s use of data to dominate markets.
The UK’s Competition and Markets Authority said it’s investigating whether Facebook is “abusing a dominant position in the social media or digital advertising markets through its collection and use of advertising data.” Specifically, the agency said it’s probing whether Facebook has gained an unfair advantage in the digital classified advertisements business through Facebook Marketplace, and in its online dating business, Facebook Dating.More Related News
Elon Musk’s Neuralink suffered brain-chip issues for years before problem with human implant: report
Neuralink’s disclosure last week that tiny wires inside the brain of its first patient had pulled out of position is an issue the Elon Musk company has known about for years, according to five people familiar with the matter.