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Europe launched an investigation into Target assuring that he “maintains a dominant position” with his market from facebook.
According to European Commissionwhat he market being tied to a platform gives you “undue advantages” in the online classifieds industry.
Europe vs. goal again
This preliminary report has already been sent Target for your knowledge.
According to Europewhat kind market associated with facebook this puts you on “unfair trading terms” towards your competitors in a “self-interest” habit.
For the Commission, this link means that network users have automatic access to market “whether they want it or not”, which gives it “a significant advantage that competitors cannot achieve.”
Brussels, where the company is located, believes that Target unilaterally imposes unfair conditions on third-party services that want to promote on facebook and Instagram.
“The Commission is concerned that the terms and conditions allowing Target use data associated with advertising received from competitors for the benefit of Facebook marketplace are unreasonable, disproportionate and unnecessary for the provision of online advertising services on platforms Target. Such conditions burden competitors and only benefit Facebook marketplace, says in the statement.
At the moment, the investigation is not conclusive, but if confirmed, these actions would violate Article 102 of the Treaty on the Functioning of the European Union (TFEU), which prohibits the abuse of dominant market position.
Meta could be fined
Europe already fined before Target for different reasons. In 2021, for example, they came to the conclusion that WhatsApp violated data protection, for which he had to pay 225 million euros.
In the same year, Ireland applied a €405 million fine for the same reason.
Now, if you plead guilty to a monopoly case, it could result in a fine of 10% or 20% of your total annual worldwide income.
Next up is the answer Targetwho should object to these conclusions.
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Source: RPP
I am Ben Stock, a passionate and experienced digital journalist working in the news industry. At the Buna Times, I write articles covering technology developments and related topics. I strive to provide reliable information that my readers can trust. My research skills are top-notch, as well as my ability to craft engaging stories on timely topics with clarity and accuracy.