German Regulator To Tackle Meta With New Anti Trust Rules
Under a new provision of the German Competition Act, introduced by lawmakers in early 2021, the FCO can ban what it deems to be anti-competitive activities by large companies. President of the FCO Andreas Mundt stated that Meta’s large user base and expansive ad-supported digital ecosystem – which also includes WhatsApp and Instagram – clearly illustrates that the company is a key social media player. “Following a proceeding which was contested for some time, we have now formally proven the company’s relevant position....