Ebay's Gumtree points to Facebook as a key competitor in Australia's online classifieds market
By Marissa Lague ( April 7, 2020, 03:13 GMT | Insight) -- Ebay-owned Gumtree, which is planning to acquire Cox Australia Media Solutions, the owner of two online car platforms, has singled out Facebook Marketplace as a growing competitor in Australia’s online classifieds industry in its latest pitch to the country’s competition regulator. But Facebook warned that Gumtree’s characterization over-emphasized Marketplace’s role in the listing of motor vehicles.Ebay-owned Gumtree has singled out Facebook Marketplace as a growing competitor in Australia’s online classifieds industry, in its latest pitch to the country’s competition regulator as it reviews the platform’s move to acquire Cox Australia Media Solutions....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.