EU reportedly set to open formal antitrust probe into Facebook

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By Victor in Business
Updated 3 years ago

European regulators are reportedly set to open a formal probe into whether Facebook has violated antitrust laws by undermining rivals in the classified advertising market. The European Commission has already sent questionnaires to Facebook and its rivals asking whether the tech giant is warping the classified advertising business by promoting its online marketplace for free to its users, the Financial Times reported Wednesday.

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