A PYMNTS Company

OLX Assisting EU Antitrust Enforcers in Investigation into Meta Platforms

By  |  July 23, 2023

OLX, the Dutch online marketplace, is aiding European antitrust enforcers in their investigation into Facebook parent company Meta Platforms (META. O). The European Commission has alleged that Meta has given themselves an unfair competitive advantage by connecting their classified advertisements service Marketplace with their social network, Facebook, while imposing unfair trading terms on rival online classifieds.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    According to Reuters, during a closed hearing, Meta contested the charges laid out by the EU competition enforcer last week. An OLX spokeswoman stated: “We welcome fair competition and will follow the progress of the Commission’s hearing with interest.” The company also went further to assure they are taking part in the hearing ‘to contribute to their (EU) investigation about Meta antitrust practices’. Norwegian media group Schibsted (SCHA. OL) also attended the EU hearing.

    We’d love to be your preferred source for news.

    Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

    Add as Preferred Source

    Related: Meta Defends Itself Against EU’s Accusations Of Misuse Of Dominance

    It will be interesting to see if the Commission will find in favour of, or take punitive action against Meta in the coming months. The results of the hearing could have serious implications in the online classifieds market. As one of the leading companies in this sphere, OLX has a lot invested in the outcome of this case.

    Source: Reuters