The News Craving
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City AM
City AM
By Azania Patel Meta, Facebook’s parent company has been accused of flouting competition rules by anEU commission. If the charges are proven, they may face a penalty of up to £10m. Meta is likely in breach of the European Union’s anti-trust regulations. The EU’s preliminary review has found that Meta has tied access to the social media platform to Facebook Marketplace. Facebook Marketplace is the social media platform’s classifieds ad page. As Facebook is a dominant player in the market, this may skewer competition. Facebook holds 77.2 per cent of the social media market share in Europe and 64…