London CNN —The United Kingdom’s competition watchdog has wrapped up its antitrust investigations into Amazon’s and Meta’s retail platforms, saying it has secured commitments from the US tech giants that will ultimately benefit consumers.
In theory, the more businesses are able to fairly compete for consumers’ cash, the more choice consumers ultimately have.
Meta’s competitors will have the option to “opt out” of the tech firm using some of their data to improve Facebook Marketplace, the CMA said.
That commitment, along with others, means Meta “cannot exploit advertising customers’ data to give itself an unfair advantage — and as such distort competition,” Pope said.
A spokesperson for Meta told CNN it welcomed the CMA’s decision to close its investigation into Facebook Marketplace.
Persons:
Ann Pope, ” Pope, Meta
Organizations:
London CNN, Markets Authority, CMA, Amazon, Facebook, CNN, Meta, Global, Big Tech, US Federal Trade Commission, European Union