Meta offers to limit use of ad data to address UK competition concerns

This post was originally published on this site

https://i-invdn-com.investing.com/trkd-images/LYNXMPEJ4P0CN_L.jpg

The Competition and Markets Authority (CMA) said it was minded to accept the commitments, which include advertisers being able to opt out of allowing their data to be used to improve the Facebook Marketplace classified ads platform.

CMA executive director of enforcement Michael Grenfell said: “Reducing the risk of Meta unfairly exploiting the data of businesses who advertise on its platform for its own competitive advantage could help many UK businesses who advertise there.

“We are now consulting on these commitments which we believe, at this stage, will address our concerns.”

The CMA cited an example of Meta being able to use data derived from a user’s engagement with ads on Facebook to deduce they were interested in trainers, which could then influence listings for shoes to that user on Facebook Marketplace.

A consultation on Meta’s proposals will close on June 26, it said.