German Cartel Office Closes Investigation into Meta: U.S. News & World Report

The German Cartel Office has officially ended its proceedings against Meta, the parent company of social media giant Facebook. The investigation, which began last year, was looking into whether Meta had abused its dominant market position in the social media industry.

According to the Cartel Office, the decision to close the proceedings was made after Meta agreed to make changes to its data practices and advertising policies. The company has reportedly committed to giving users more control over their data and limiting the amount of data it collects for targeted advertising.

This development comes amidst increasing scrutiny of big tech companies and their data practices. Meta has faced criticism in recent years for its handling of user data and for its role in spreading misinformation on its platforms.

The decision to close the proceedings against Meta is seen as a positive step towards ensuring fair competition in the social media industry. The Cartel Office’s decision also highlights the growing importance of data privacy and consumer protection in the digital age.

Meta has not commented on the closure of the proceedings, but the company is expected to continue working towards improving its data practices and addressing concerns about its market dominance. Stay tuned for further updates on this evolving story.