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OFFON

FACEBOOK INC

(FB)
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Real-time Estimate Quote. Real-time Estimate Cboe BZX - 12/01 07:12:18 am
331.5 USD   +2.17%
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EU questions Microsoft rivals over Teams integration in Office

10/08/2021 | 10:39am EST
FILE PHOTO: Microsoft Teams app is seen on the smartphone placed on the keyboard in this illustration taken

BRUSSELS (Reuters) - EU antitrust regulators are following up on a complaint by Slack Technologies by asking Microsoft's rivals if its Teams app integrated with its Office product gives it greater clout, in a sign that they could open an investigation.

In a questionnaire sent to rivals and seen by Reuters, the European Commission is focusing on the period 2016 to 2021. Microsoft introduced Teams in early 2017 to compete with Slack and others in the fast-growing workplace collaboration market.

Slack, bought by business software maker Salesforce.com in July, took its grievance over Microsoft's Teams software to the Commission last year.

Microsoft, which has been handed 2.2 billion euros ($2.6 billion) in EU fines for cases involving so-called tying and other practices in previous decade, declined to comment.

Slack alleged that tying or bundling Teams with Office was illegal and urged the EU competition agency to separate the two.

It said Microsoft pre-installs the workplace chat, it was difficult to un-install and that the U.S. company refused to provide information which would allow rival products to work with Teams and Office.

This has prompted the Commission to ask if bundled products give companies access to data that may increase their market power in both markets and at the same time make it harder for rivals, in particular those with only product, to compete.

It has also asked about barriers to entry or expansion in the workplace apps market, switching costs for customers and the importance of user data protection.

Rivals were asked for a list of customers who have switched to Microsoft Teams or its bundled Office, the percentage of revenue they had lost as a result, as well as the impact of the integrated products on their investments in innovation and the quality and price of their products.

The questionnaire asked if the COVID-19 had boosted demand for workplace apps and how this will evolve post-pandemic.

Other companies which provide workplace apps include Zoom Video Communications, Alphabet's Google, Facebook and Cisco.

($1 = 0.8641 euros)

(Reporting by Foo Yun Chee; Editing by Alexander Smith)

By Foo Yun Chee


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -2.50% 2837.95 Delayed Quote.61.92%
FACEBOOK INC -4.01% 324.46 Delayed Quote.18.78%
MICROSOFT CORPORATION -1.79% 330.59 Delayed Quote.48.63%
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Financials (USD)
Sales 2021 118 B - -
Net income 2021 39 871 M - -
Net cash 2021 69 121 M - -
P/E ratio 2021 23,3x
Yield 2021 -
Capitalization 903 B 903 B -
EV / Sales 2021 7,09x
EV / Sales 2022 5,85x
Nbr of Employees 68 177
Free-Float 84,5%
Chart FACEBOOK INC
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Facebook Inc Technical Analysis Chart | FB | US30303M1027 | MarketScreener
Technical analysis trends FACEBOOK INC
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 52
Last Close Price 324,46 $
Average target price 403,70 $
Spread / Average Target 24,4%
EPS Revisions
Managers and Directors
Mark Elliot Zuckerberg Chairman & Chief Executive Officer
David M. Wehner Chief Financial Officer
Michael Todd Schroepfer Chief Technology Officer
Atish Banerjea Chief Information Officer
Sheryl Kara Sandberg Chief Operating Officer & Director
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