EU warns Meta over Facebook Marketplace  competition breach

EU competition enforcer launched an investigation into Facebook in June last year, focusing on whether the social network unfairly uses advertisers' data to compete with them in the online classified ads sector

Meta denied its business practices were anti-competitive.

The European Commission has said it has warned Facebook parent company Meta it is breaching EU laws by distorting competition in markets for online classified advertising and abusing its dominant position.

The commission said in a preliminary view it would further investigate and that it could impose a fine of up to 10% of the company's annual global turnover if there is sufficient evidence of an infringement of European Union rules.