CCI failed to prove market abuse claim, Meta tells NCLAT

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Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, on Monday submitted before the National Company Law Appellate Tribunal (NCLAT) that the Competition Commission of India (CCI) had failed to prove that the US-headquartered social media and communication services firm had abused its dominant position, leading to the denial of market access for other online advertisers.

The competition watchdog last year held that WhatsApp’s 2021 privacy policy, which allowed it to share user data with the parent company, helped Meta maintain and…



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CCI failed to prove market abuse claim, Meta tells NCLAT



Meta Platforms, the parent company of Facebook, Instagram and WhatsApp, on Monday submitted before the National Company Law Appellate Tribunal (NCLAT) that the Competition Commission of India (CCI) had failed to prove that the US-headquartered social media and communication services firm had abused its dominant position, leading to the denial of market access for other online advertisers.

The competition watchdog last year held that WhatsApp’s 2021 privacy policy, which allowed it to share user data with the parent company, helped Meta maintain and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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