TECH CRUNCH - June 7 - The U.K.'s Competition and Markets Authority (CMA) and the EU's Competition Commission both announced formal investigations into Facebook's operations. The competition regulators will scrutinize how Facebook uses data from advertising customers and users of its single sign-on tool - specifically looking at whether it uses this data as an unfair lever against competitors in markets such as classified ads. In a statement on its action, CMA CEO Andrea Coscelli said: "We intend to thoroughly investigate Facebook's use of data to assess whether its business practices are giving it an unfair advantage in the online dating and classified ad sectors. Any such advantage can make it harder for competing firms to succeed, including new and smaller businesses, and may reduce customer choice."
by Natasha Lomas
See full article at Tech Crunch
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