UK and EU Investigate Facebook Over Unfair Use of Data in Digital Advertising

UK and EU regulators are investigating Facebook over whether it is abusing its dominance in digital advertising. From a report: It marks the first time the regulators have coordinated on a major inquiry since Brexit, and strikes at the core of Facebook's revenues, which rely heavily on selling advertising on its platform. The investigation will consider whether the social media giant has unfairly used its vast trove of data to compete with individuals and businesses that post adverts on Facebook Marketplace -- where people buy and sell goods daily -- or the Facebook Dating platform, which launched in Europe last year. The Competition and Markets Authority (CMA) said it would work "closely" with the European commission to determine whether Facebook might be stifling competition by "abusing a dominant position in the social media or digital advertising markets." Facebook, which could be fined by regulators depending on their findings, has said that the investigations were launched "without merit."

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