fine on Facebook for the acquisition of Wattsp

May

20

2017

European Union is imposing a $ 122 million fine on Facebook for the acquisition of Wattsp
Due to misrepresentation during the examination of the acquisition of Wattsp in 2014.
Google + LinkedIn Facebook Twitter
European Union antitrust regulators on Thursday imposed a $ 110 million (US $ 122 million) fine on Facebook to provide misleading information in the wake of the 2014 takeover of the Instant Messaging service.

The European Commission, an EU competition watchdog, called the fine “proportionate and dissuasive” and said Facebook claimed it would not automatically reconcile user accounts between its social network and Wattsp, but did so after two years of acquisition.

“UNHCR has found that, unlike Facebook data in the merger review process in 2014, the technical ability to automatically match user identities between Facebook and Windows Live already existed in 2014, and Facebook employees were aware of such a possibility, .

For its part, Facebook responded to the Commission’s decision in a statement in which it said that the mistakes made in its deposits for 2014 were not intended and that the Commission confirmed that it did not affect the outcome of the merger review. “Today’s declaration puts an end to the issue.”

The European Commission said the fine imposed on Facebook would not affect its earlier decision to approve the acquisition of Wattsb, and that the fine had nothing to do with separate investigations into data protection issues.

The Commission could have imposed a Facebook fine of up to 1% of its sales volume, meaning that the fine would have amounted to US $ 276 million based on the results of 2016, but said that Facebook cooperated with the procedures and acknowledged violations.

The sanctions come from the European Union after Facebook received a separate fine of 150,000 euros on Tuesday by France’s data watchdog for failing to prevent its users’ access to advertisers.

Last week, the Italian anti-monopoly authorities imposed a 3 million euro fine on Wattsb for allegedly forcing users to agree to share their personal data with Facebook

Viewing:-70

In: Technology & Gadgets Asked By: [17026 Red Star Level]

Answer this Question

You must be Logged In to post an Answer.

Not a member yet? Sign Up Now »