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Facebook relied on 'anticompetitive' deals with Netflix, eBay, Foursquare to harvest user data after app shutdown, US plaintiffs say

By Mike Swift ( March 8, 2022, 23:16 GMT | Insight) -- For all the power of its 2.8 billion daily users, the company now known as Meta Platforms for a decade has depended on user data harvested by other apps to power its advertising business, a new US court filing alleges, an arrangement the former Facebook has battled to prevent from becoming fully public. Facebook “entered into at least three anticompetitive agreements with market leaders” Netflix, eBay and Foursquare in which Facebook exchanged either ad revenue or personal data “that fortified its monopoly position in the social advertising market,” the plaintiffs allege.For all the power of its 2.8 billion daily users, the company now known as Meta Platforms for a decade has depended on user data harvested by other apps to power its advertising business, a new US court filing alleges, an arrangement the former Facebook has battled to prevent from becoming fully public....

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