Germany boosts monitoring of Facebook’s Meta

Germany’s anti-cartel watchdog placed Meta, the company which owns Facebook, WhatsApp and Instagram, under close watch for any possible abuse. (Reuters)

• Company owns Facebook, WhatsApp and Instagram

BERLIN: Germany’s anti-cartel watchdog said Wednesday it has placed Meta, the company which owns Facebook, WhatsApp and Instagram, under close watch for any possible abuse.
The Federal Cartel Office said it has determined Meta to be a company of “paramount significance for competition,” a move paving the way for the authorities to clamp down “against potential competition infringements.”