The EU may launch an antitrust investigation against Facebook

Facebook Chairman and CEO Mark Zuckerberg testifies at a House Financial Services Committee hearing in Washington, US, October 23, 2019. REUTERS/Erin Scott TPX IMAGES OF THE DAY

Erin Scott / Reuters

The pressure on Facebook’s antitrust investigations in Europe may soon become heavier again.After the investigation has startedGermanyAnd most likely to investigate immediatelyUnited Kingdomafter that,Financial TimesIt was reported a few days ago that the European Union may launch a new antitrust investigation on the grounds of Facebook’s abuse of its influence in the classified advertising field. Not long ago, Facebook just announced that its Marketplace has 1 billion users. However, this online sales and purchase service, which started in 2016, has not been smooth sailing along the way. In the EU’s view, in addition to the functional improvement of the development team, the reason why the Marketplace can grow is that Facebook has also played a vital role in the use of platform scale.

It is said that EU officials believe that Facebook may squeeze out competitors in the classified advertising industry by promoting Marketplace to its own as many as 2.85 billion monthly active users for free. According to the Financial Times, Facebook is the first big technology company to hit the EU’s antitrust red line. At present, EU officials have not made any statement on this matter, but based on past experience, the investigation even said that the fine is estimated to be inevitable.