EU Is Watching, But Facebook Shouldn't Be Scared Yet

Law360, New York (October 9, 2012, 8:43 PM EDT) -- The European Commission's antitrust chief said Monday the watchdog was monitoring the social networking sector, but experts say industry giant Facebook Inc. needn't be too concerned until the regulator takes a more concrete step.

In response to a question from a legislator about Facebook's massive social networking presence, Competition Commissioner Joaquin Almunia described the sector as a "very dynamic" one the EC will probably have to deal with at some point.

"Probably one day we will need to deal with some antitrust issues in the social...
To view the full article, register now.