In this photo illustration, the Facebook logo is seen on a smartphone screen with the EU flag in the background.
Chukrut Budrul | SOPA Images | LightRocket via Getty Images
Regulators in the U.K. and the EU launched formal competition investigations into Facebook on Friday.
The U.K.’s Competition and Markets Authority said it is investigating whether Facebook is abusing a dominant position in the social media or digital advertising markets through its collection and use of advertising data.
Meanwhile, Brussels said it was opening a formal antitrust investigation to assess whether Facebook breached EU rules “by using advertising data gathered in particular from advertisers in order to compete with them in markets where Facebook is active such as classified ads.”
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