The Competition Authority has launched an investigation into meta for ‘threads’: here’s why
December 12, 2023
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Competition Authorityhas announced that it has launched a new investigation against social media giant Meta. According to the official statement, the reason for the investigation is this time
Competition Authorityhas announced that it has launched a new investigation against social media giant Meta. According to the official statement, the reason for the investigation is this time Wires. Yes, we are talking about Meta’s X-rival microblogging platform.
According to the Competition Authority’s statement, Meta Threads developed with Instagram. by connecting She may have violated Article 6 of the Competition Protection Act. The Competition Authority states that the findings are serious and sufficient, will investigate the matter and if it finds anti-competitive measures, it will inform Meta. will punish.
The Competition Authority’s statement reads as follows:
The preliminary investigation into the allegation that Meta Platforms, Inc. violated Article 6 of Law No. 4054 on the Protection of Competition by connecting its recently launched application called Threads to the Instagram application, it was concluded by the Competition Board.
The Competition Council, which discussed the information, documents and findings obtained in the preliminary investigation in its meeting of 23.11.2023, considered the findings serious and sufficient; Metaplatforms Inc. It was decided to open an investigation against him, number 23-54/1031-M.
What does Article 6 of the Competition Protection Act say?
Article 6- It is unlawful and prohibited for one or more undertakings to abuse their dominant position in any goods or services market throughout the country or in any part of the country, alone or through agreements or joint actions with others.
Special cases of abuse include:
A) Actions aimed at directly or indirectly preventing another company from entering into commercial activities or hindering the activities of competitors on the market,
B) Discrimination, direct or indirect, by offering different conditions to buyers in similar situations for the same and equal rights, duties and actions,
C) In the case of resale, such as the purchase of other goods or services together with a good or service, or making a good or service requested by buyers who are intermediaries conditional on the buyer purchasing another good or service exhibits, or failure to sell a purchased product goods under a certain price, impose restrictions on the terms of trade,
D) Actions aimed at disrupting the conditions of competition in another goods or services market by taking advantage of the financial, technological and commercial advantages arising from dominance in a particular market,
Unpleasant) Restriction of production, marketing or technical development to the detriment of consumers.
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Jeffery Powell is a tech-savvy writer and author at Div Bracket. He covers the latest and greatest in internet-related news and trends, offering readers a comprehensive overview of the ever-evolving online world.