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Competition authority to fine Facebook for antitrust violations in Israel

maio, 11, 2023 Hi-network.com

The competition authority in Israel announced it is considering imposing a fine of$1.8 million on Facebook for buying 2 Israeli companies without the authority's consent. Under Israel's competition law, Facebook is obliged to report on and ask permission for new acquisitions, considering the platform has a dominant market position, which exceeds 50% of the market share in the country.

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