Facebook marketplace faces EU antitrust probe
The Hindu
Classified ads competitors complained that Facebook uses its market power to give it an unfair competitive advantage, people familiar with the matter had told Reuters.
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Facebook is likely to face its first EU antitrust investigation in the coming weeks as regulators zoom in on its online marketplace after rivals complained about the service, a person familiar with the matter said. The move by European Competition Commissioner Margrethe Vestager would make Facebook the latest U.S. tech giant to be in her crosshairs following cases against Alphabet's Google, Apple and Amazon.
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Five top firms lose ₹1 lakh crore in market value, with HDFC Bank experiencing the largest decline of ₹56,124.48 crore.
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Options are widely used by retail traders to speculate on the value of the stock for immediate gains and such behaviour in large scale can distort the market
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