EU fines Facebook 110 million euros over WhatsApp deal | Forex Factory

  • EU fines Facebook 110 million euros over WhatsApp deal

    From reuters.com

    European Union antitrust regulators fined Facebook (FB.O) 110 million euros ($122 million) on Thursday for giving misleading information during a vetting of its deal to acquire messaging service WhatsApp in 2014. Calling it a "proportionate and deterrent fine", the European Commission, which acts as the EU's competition watchdog, said Facebook had said it could not automatically match user accounts on its namesake platform and WhatsApp but two years later launched a service that did exactly that. "The Commission has found that, contrary to Facebook's statements in the 2014 merger review process, the technical ... (full story)

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cliffedwards
May 18, 2017 7:15am
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Quoting javaprince
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The EU fine is specific to their misleading the EU competition authority in relation to their clearance of the Whatsapp teakover/merger. The EU has as recently as March, cautioned Twitter, Google and Facebook about the different issue of their their non compliance with EU consumer protection laws.

At least the EU is AT LEAST doing something to redress the issue.
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javaprince
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