The European Union is close to opening its first formal antitrust investigation into Facebook Inc., according to a person familiar with the matter, ramping up its competition enforcement of big tech companies. The EU’s top competition watchdog, the European Commission, is likely in coming weeks to open formal antitrust proceedings against Facebook, a key procedural step in one of its long-running investigations into the company, the person said, adding that the timing could still change.
Read the article: The Wall Street Journal
