EU fines Facebook €110m

Dhaka,  Fri,  23 June 2017
Published : 18 May 2017, 13:59:29
printer

EU fines Facebook €110m over misleading information

EU fines Facebook €110m
European Union (EU) antitrust regulators have fined Facebook 110 million euros ($122 million) for providing misleading information over its purchase of messaging service WhatsApp in 2014.

The European Commission said Thursday that when Facebook informed the Commission of the 2014 buyout it said it would be unable to "establish reliable automated matching" between Facebook and WhatsApp user accounts.

But the Commission says that in 2016 WhatsApp offered updates including the possibility of linking user phone numbers with Facebook user IDs.

Competition Commissioner Margrethe Vestager said the fine is proportionate and serves as a deterrent.

She said "the Commission must be able to take decisions about mergers' effects on competition in full knowledge of accurate facts," according to Reuters.
ADDRESS
Editor : A.H.M Moazzem Hossain
Published by the Editor for International Publications Limited from Tropicana Tower (4th floor), 45, Topkhana Road, GPO Box : 2526 Dhaka- 1000 and printed by him from City Publishing House Ltd., 1 RK Mission Road, Dhaka-1000.
Telephone : PABX : 9553550 (Hunting), 9513814, 7172017 and 7172012 Fax : 880-2-9567049
Email : editor@thefinancialexpress-bd.com, fexpress68@gmail.com
Copyright © 2017. All rights reserved
Powered by : orangebdlogo
close