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- BRUSSELS The European Commission has charged Facebook Inc (FB.O) with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1 percent of its turnover.However, the statement of objections sent to Facebook will not affect the EC's approval of the $22 billion merger in 2014, the Commission said in a statement on Tuesday.Facebook becomes the latest Silicon Valley target of EU competition commissioner Margrethe Vestager, who has demanded Apple (AAPL.O) pay back $14 billion in taxes to Ireland and hit Google (GOOGL.O) with two market abuse investigations.
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- Facebook CEO Mark Zuckerberg is seen on stage during a town hall at Facebook's headquarters in Menlo Park, California September 27, 2015.REUTERS/Stephen Lam/File PhotoBy Julia Fioretti(Reuters) - The European Commission has charged Facebook Inc (FB.O) with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1 percent of its turnover.However, the statement of objections sent to Facebook will not affect the EC's approval of the $22 billion (£17.8 billion) merger in 2014, the Commission said in a statement on Tuesday.
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- Facebook misled European Union regulators over its 2014 takeover of WhatsApp, European Commissioner for Competition Margrethe Vestager said Tuesday.At issue is the company's recent linking of Facebook and WhatsApp user accounts, something that it had previously told the Commission it would not be able to automate reliably.The acquisition, announced in February 2014, won EU approval in early October that year, and was completed a few days later.
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- Facebook is facing a potential fine after Europe's anti-trust watchdog accused it of providing "incorrect or misleading" information regarding its 19 billion US dollar (£15.3 billion) takeover of WhatsApp.In a statement of objections sent to the US social network, the European Commission said that during a 2014 probe into the deal Facebook inaccurately claimed that it would be unable to combine user data between the two companies' accounts.The commission said the "technical possibility of automatically matching Facebook users' IDs with WhatsApp users' IDs already existed in 2014".
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follow the latest progress in whats app in different sites most famous technicals "Julia Fioretti" by 2016-12-20 at 19:11
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EU accuses Facebook of misleading it in WhatsApp takeover probe
- BRUSSELS The European Commission has charged Facebook Inc (FB.O) with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1 percent of its turnover.However, the statement of objections sent to Facebook will not affect the EC's approval of the $22 billion merger in 2014, the Commission said in a statement on Tuesday.Facebook becomes the latest Silicon Valley target of EU competition commissioner Margrethe Vestager, who has demanded Apple (AAPL.O) pay back $14 billion in taxes to Ireland and hit Google (GOOGL.O) with two market abuse investigations.
. read more from here
EU accuses Facebook of misleading it in WhatsApp takeover probe
- Facebook CEO Mark Zuckerberg is seen on stage during a town hall at Facebook's headquarters in Menlo Park, California September 27, 2015.REUTERS/Stephen Lam/File PhotoBy Julia Fioretti(Reuters) - The European Commission has charged Facebook Inc (FB.O) with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1 percent of its turnover.However, the statement of objections sent to Facebook will not affect the EC's approval of the $22 billion (£17.8 billion) merger in 2014, the Commission said in a statement on Tuesday.
. read more from here
Facebook 'misled' EU regulators over its takeover of WhatsApp
- Facebook misled European Union regulators over its 2014 takeover of WhatsApp, European Commissioner for Competition Margrethe Vestager said Tuesday.At issue is the company's recent linking of Facebook and WhatsApp user accounts, something that it had previously told the Commission it would not be able to automate reliably.The acquisition, announced in February 2014, won EU approval in early October that year, and was completed a few days later.
. read more from here
Facebook could face fine over user data claim in WhatsApp takeover (From Banbury Cake)
- Facebook is facing a potential fine after Europe's anti-trust watchdog accused it of providing "incorrect or misleading" information regarding its 19 billion US dollar (£15.3 billion) takeover of WhatsApp.In a statement of objections sent to the US social network, the European Commission said that during a 2014 probe into the deal Facebook inaccurately claimed that it would be unable to combine user data between the two companies' accounts.The commission said the "technical possibility of automatically matching Facebook users' IDs with WhatsApp users' IDs already existed in 2014".
. read more from here
to read more visit us whats app
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