This week's antitrust and data privacy updates are as below -
Facebook warned by European Commission over Potential Antitrust Breach
The European Commission has issued a warning to the Facebook parent company, Meta, for abuse of its dominant position, and acting in breach of the EU Antitrust Laws. The Commission stated that Meta's actions about its online marketplace for classified advertising by connecting its dominant social network portal, Facebook to the Facebook Marketplace. As per the EC, this does not leave…
This week's Antitrust and Data Privacy Updates are as below -
Mark Zuckerberg to testify before Federal Trade Commission Over Purchasing Within
Meta Platforms CEO, Mark Zuckerberg, is set to give his testimony in the case initiated by the Federal Trade Commission (FTC). The FTC has raised their objections to the purchase of the Virtual Reality (VR) content-making company, Within Unlimited. FTC argues that if this purchase by Meta is not blocked, it has the potential to create a monopoly in…