LONDON: The European Union has accused Facebook parent Meta of breaching the bloc’s antitrust rules by distorting competition in the online classified ads business.
The bloc’s executive commission said Monday that it “takes issue” with the tech company tying its online classified ad business, Facebook Marketplace, to Facebook.
That means Facebook users automatically have access to Marketplace “whether they want it or not,” the European Commission said.
The commission, the 27-nation bloc’s top antitrust enforcer, said Meta also imposes unfair trading conditions on competing online classified ad companies that advertise their services on Facebook or Instagram.
Companies that breach EU antitrust rules can be hit with fines worth up to 10 percent of their annual global revenue.
EU accuses Meta of antitrust breaches with classified ads
https://arab.news/4hv28
EU accuses Meta of antitrust breaches with classified ads
- The commission accused Meta of imposing unfair trading conditions on ad companies
Saudi Arabia ‘ideal partner’ in shaping next wave of intelligent age, communication minister tells WEF
- Abdullah Al-Swaha said aim was to “help the world achieve the next $100 trillion by energizing the intelligence age”
DAVOS: Saudi Arabia has accelerated efforts in “energizing the intelligent age,” making the Kingdom the world’s ideal partner in shaping the next wave of the technological age, said the minister of communication and information technology.
Speaking during a panel discussion at the World Economic Forum in Davos, Abdullah Al-Swaha said the aim was to “help the world achieve the next $100 trillion by energizing the intelligence age.”
He said the Kingdom was expanding global partnerships for the benefit of humanity and highlighted both local and international achievements.
“We believe the more prosperous the Kingdom, the Middle East, is, the more prosperous the world is. And it is not a surprise that we fuel 50 percent of the digital economy in the kingdom or the region,” he told the audience. He added the Kingdom fueled three times the tech force of its neighbors and, as a result, 50 percent of venture capital funding.
Al-Swaha said Saudi Arabia was focused both on artificial intelligence acceleration and adoption. At home, he said, the Kingdom was doubling the use of agentic AI in the public and private sector to increase worker productivity tenfold. He also cited the world’s first fully robotic heart transplant, which was conducted in Saudi Arabia.
“If we double down on talent, technology, and build trust with partners, we can achieve success,” he said. “And we are following the same blueprint for the intelligence age.”
He said the Kingdom aimed to be a “testbed” for innovators and investors. Rapid technological adoption and investment have boosted Saudi Arabia’s non-oil economy, with non-oil activities accounting for 56 percent of GDP and surpassing $1.2 trillion in 2025, ahead of the Vision 2030 target.
In terms of adoption, Al-Swaha said the Kingdom had introduced the Arabic-language AI model, Allam, to be adopted across Adobe product series. It has also partnered with Qualcomm to bring the first hybrid AI laptop and endpoints to the world.
“These are true testimonies that the kingdom is not going local or regional; we are going global,” he said.
