), released a Statement of Objections on Monday saying it had informed Facebook’s parent company Meta that in its “preliminary view” the company had breached the rules.A Statement of Objections is the first step the Commission takes when it begins an investigation into what it believes are a violation of E.U.But if an investigation concludes that antitrust rules have been violated, the Commission has the power to impose a fine of up to 10% of Meta’s annual worldwide turnover as well as a prohibition of further rule-breaking behavior.The Commission also raised concerns that Meta was imposing “unfair trading conditions” on Marketplace competitors that advertise on Facebook or Instagram, which is also owned by Meta, via onerous terms and conditions.“With its Facebook social network, Meta reaches globally billions of monthly users and millions active advertisers,” said Margrethe Vestager, the Commission’s executive VP for competition policy."