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The UK and EU Defense cooperation: step aside or get in the way?
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Italian antitrust authorities levied a 3-million-euro fine on whatsapp last week for allegedly obliging users to agree to share their personal data with Facebook. The EU sanction will come on the heels of a 150,000-euro fine handed down by a French data watchdog to Facebook on Tuesday for failing to prevent its users' data being accessed by advertisers. During regulatory scrutiny of the WhatsApp deal in 2014, Facebook told the EU competition enforcer it was unable reliably to match the two companies' user accounts. REUTERS/Dado Ruvic/IllustrationBRUSSELS U.S. social network Facebook (FB.O) is set to be penalized by EU antitrust regulators for allegedly providing misleading data related to its WhatsApp acquisition three years ago, a person familiar with the matter said on Wednesday. A 3D printed Whatsapp logo is seen in front of a displayed stock graph in this illustration taken April 28, 2016.
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The UK and EU Defense cooperation: step aside or get in the way?
As it stated in
Facebook braced for huge fine over misleading WhatsApp takeover claims
The European Commission is expected to conclude an investigation launched last December with the announcement of a fine today. The commission has alleged that Facebook falsely claimed it was technically impossible to combine user information from Facebook and… The penalty to be announced today will be the social media and publishing company's third fine in Europe in a week DADO RUVIC/REUTERSFacebook faces a multimillion-dollar fine for misleading European authorities over its $22 billion takeover of the instant message service WhatsApp. The EU will not reverse its decision to allow the 2014 acquisition but is expected to impose a significant financial forfeit to deter other companies from providing misleading information, according to the Financial Times. The commission has the power to issue a maximum penalty of 1 per cent of Facebook's 2016 turnover, or $276 million (£213 million), although it has not disclosed what the sum will be.Italian antitrust authorities levied a 3-million-euro fine on whatsapp last week for allegedly obliging users to agree to share their personal data with Facebook. The EU sanction will come on the heels of a 150,000-euro fine handed down by a French data watchdog to Facebook on Tuesday for failing to prevent its users' data being accessed by advertisers. During regulatory scrutiny of the WhatsApp deal in 2014, Facebook told the EU competition enforcer it was unable reliably to match the two companies' user accounts. REUTERS/Dado Ruvic/IllustrationBRUSSELS U.S. social network Facebook (FB.O) is set to be penalized by EU antitrust regulators for allegedly providing misleading data related to its WhatsApp acquisition three years ago, a person familiar with the matter said on Wednesday. A 3D printed Whatsapp logo is seen in front of a displayed stock graph in this illustration taken April 28, 2016.
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