German Antitrust Probe to Move Forward This Year
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Germany’s Federal Cartel Office says that it will be taking further steps in its antitrust investigation of Facebook this year where the US social media giant is being accused of abusing its market dominance to collect personal data from users without consent.
Cartel office President Andreas Mundt says that they want the probe to proceed quickly. Sources say that the watchdog is likely to compel the company to address all their concerns if it does not do so voluntarily.
Mundt also confirmed that his office may launch an investigation into the e-commerce industry, specifically on hybrid platforms like Amazon, under new powers that allow the FCO to conduct sector-wide probes.
Source: Reuters