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Meta Hit With EU Antitrust Charges Over Marketplace Service

  • EU sends statement of objections over concerns of unfair tying
  • Case is latest round of EU-wide crackdown on power of Big Tech
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Meta Platforms Inc. was hit with a formal complaint from European Union antitrust watchdogs for allegedly squeezing out classified ad rivals by tying the Facebook Marketplace to its own social network.

The European Commission said Monday it issued a so-called statement of objections to Meta, paving the way for potential fines or changes to the firm’s business model.