Facebook's New Nemesis Is a Besuited German Antitrust Watchdog
Posted in: Government & Policy at 20/12/2017 18:41
Andreas Mundt is Facebook Inc.’s new nemesis. Mundt, 57, is the president of the Federal Cartel Office, Germany’s competition regulator. For nearly two years, his agency has been probing whether a key part of the Silicon Valley giant’s business model is an abuse of a market dominance.
In a case that caused much surprise outside Germany, Mundt unveiled preliminary findings on Tuesday, saying Facebook may take advantage of its popularity to bully users into agreeing to terms and conditions they often don’t understand. The small print allows using the data to generate the targeted ads that make the company so rich.