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Top related persons:
Tim Lamb - 1 Foo Yun Chee - 1 Nick Zieminski - 1
Top related locs:
BRUSSELS
Top related orgs:
Meta - 1 European Commission - 1 European - 1 Thomson - 1

Search resuls for: "Tim Lamb"


5 mentions found


☆ Meta to contest EU antitrust charges at July 13 hearing
  + stars: | 2023-07-12 | by ( Foo Yun Chee | ) www.reuters.com   time to read: +1 min
BRUSSELS, July 12 (Reuters) - Facebook owner Meta (META.O) will contest EU antitrust charges at a closed hearing on Friday in a bid to stave off a possible hefty fine after regulators charged it with tying its classified advertisements service to its social network, people familiar with the matter said. The European Commission sent a charge sheet to the world's most popular social network last December, singling out two practices that showed that Meta abused its market power. It said Meta's tying of its online classified ads service Facebook Marketplace with its social network Facebook gave the former an unfair advantage. It also took issue with Meta's unfair trading conditions imposed on rival online classified ads services which advertise on Facebook or Instagram. Meta declined to comment on the hearing during which senior Commission antitrust officials and their peers from national watchdogs will be present to hear its arguments.
Persons: Tim Lamb, Foo Yun Chee, Nick Zieminski Organizations: Meta, European Commission, Facebook, European, Reuters, Thomson Locations: BRUSSELS
☆ Chicago to elect new mayor as crime emerges as key issue
  + stars: | 2023-04-04 | by ( Brendan O'Brien | ) www.reuters.com   time to read: +4 min
CHICAGO, April 4 (Reuters) - Crime is the central issue in Tuesday's mayoral runoff in Chicago, where voters are choosing between two candidates with contrasting approaches to public safety. Former Chicago Public Schools CEO Paul Vallas calls for more cops; Cook County Commissioner Brandon Johnson calls for more mental health support and opportunities for young people. Johnson, a former Chicago teacher and union organizer, says he will promote 200 new detectives from the existing pool of police officers. A poll last week by Emerson College Polling, WGN-TV and The Hill showed Vallas leading Johnson by 5 points, with 13% undecided. Reporting by Brendan O'Brien in Chicago; Editing by Donna Bryson and Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
☆ EU warns Meta over Facebook Marketplace antitrust breach
  + stars: | 2022-12-19 | by ( ) www.reuters.com   time to read: +3 min
European Union's antitrust chief Margrethe Vestager said in a statement that she is concerned that Meta ties its dominant social network Facebook to its online classified ad services, which is called Facebook Marketplace. "This means Facebook users have no choice but to have access to Facebook Marketplace," she said. Facebook Marketplace was launched in 2016 and is used in 70 countries to buy and sell items. The Commission said on Monday that it was concerned that Meta is imposing "unfair trading conditions" on competitors of its own classified ads service, Facebook Marketplace, that want to advertise on its social networks Facebook or Instagram. The 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.
☆ Facebook parent Meta warned by EU of breaking antitrust laws
  + stars: | 2022-12-19 | by ( ) www.reuters.com   time to read: +1 min
BRUSSELS, Dec 19 (Reuters) - The European Commission on Monday said it has warned Facebook parent company Meta (META.O) that it is breaching EU antitrust laws by distorting competition in markets for online classified advertising and abusing its dominant position. "The claims made by the European Commission are without foundation," Meta spokesperson Tim Lamb said in a statement. "We will continue to work with regulatory authorities to demonstrate that our product innovation is pro-consumer and pro-competitive," Lamb added. The Commission said on Monday that it was concerned that Meta is imposing "unfair trading conditions" on competitors of its own classified ads service, Facebook Marketplace, that want to advertise on its social networks Facebook or Instagram. The 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 could face $11.8 billion fine as EU charges tech giant with breaching antitrust rules
  + stars: | 2022-12-19 | by ( Ryan Browne | ) www.cnbc.com   time to read: +3 min
The Commission took issue with Meta's pairing of Facebook Marketplace with its personal social network. The European Union on Monday issued Facebook parent company Meta with a list of objections over of its online classifieds business, Facebook Marketplace. The European Commission, the EU's executive arm, said that it found Meta breached EU antitrust rules by distorting competition in the markets for online classified ads. It said it was concerned this arrangement gives Facebook Marketplace a "substantial distribution advantage that competitors cannot match." Tim Lamb, head of EMEA competition at Meta, said: "The claims made by the European Commission are without foundation."
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