Europe opens twin antitrust investigations into Facebook
CNN
Facebook is confronting two separate antitrust investigations by European regulators that will probe whether the social network's use of data gives it an unfair advantage in online advertising.
The investigations could eventually result in hefty fines, and increase pressure on Facebook to make changes to its business model. In a statement Friday, the European Commission said it is assessing whether Facebook breached EU competition rules by using data gathered from advertisers on its platform to compete against them.More Related News