Facebook will pay $122 million in fines to the E.U.

Several years ago Facebook announced that they would be acquiring WhatsApp in what was one of the biggest tech buyouts in recent history. There were some concerns raised at that time regarding the sharing of data between WhatsApp and Facebook, with Facebook reportedly telling the European Commission that they would be unable to reliably automate the sharing of data.It turns out that was not the case, or at least that’s what the European Commission has decided as they have since levied a €110 million fine against the company for intentionally misleading officials. As you might have heard, especially if you’re a WhatsApp user, back in 2016 Facebook announced an update to its terms of service in which it could link the phone numbers of WhatsApp users to their Facebook profile, something that the EC has taken issue with and filed a Statement of Objection several months later.According to Commissioner Margrethe Vestager, “Today’s decision sends a clear signal to companies that they must comply with al

Facebook will pay $122 million in fines to the E.U.

European regulators said Facebook was not honest about its ability to integrate with WhatsApp.

Thu 18 May 17 from The Washington Post

EU fines Facebook 110 mn euros over 'misleading' info in WhatsApp takeover

The European Commission on Thursday fined US social media giant Facebook 110 million euros ($120 million) for providing incorrect and misleading information on its takeover of WhatsApp.

Thu 18 May 17 from Phys.org

Facebook fined €110m by EU for misleading information before WhatsApp takeover

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

Thu 18 May 17 from The Independent

EU Commission Burns Facebook With $122 Million Fine Over WhatsApp Account Sharing

Facebook is feeling the burn today thanks to actions taken by the European Union. The company came under fire both at home and abroad when it announced last year WhatsApp would begin sharing ...

Thu 18 May 17 from HotHardware

Facebook fined $122M in Europe over misleading WhatsApp filing

 Facebook’s 2014 acquisition of messaging app WhatsApp cost $19 billion when it was announced. Now the price tag has been bumped up a little more, after European regulators slapped ...

Thu 18 May 17 from TechCrunch

Facebook hit with $122 million fine by EU over "misleading" WhatsApp deal

Facebook's ongoing problems in Europe reared their head yet again today. The European Commission has fined the social network $122 million for “providing incorrect or misleading information” ...

Thu 18 May 17 from Techspot

Facebook fined $122 million for misleading The European Commission

Facebook has been fined $122 million for providing misleading information related to its 2014 acquisition of WhatsApp. Facebook insisted that it could not establish a reliable automated match ...

Thu 18 May 17 from USA today

Facebook fined $122 million for misleading EU over WhatsApp deal

Facebook says it couldn't automatically match WhatsApp accounts; EC disagrees.

Thu 18 May 17 from Arstechnica

Facebook Fined €110M By European Commission For Misleading Over WhatsApp Acquisition

Several years ago Facebook announced that they would be acquiring WhatsApp in what was one of the biggest tech buyouts in recent history. There were some concerns raised at that time regarding ...

Thu 18 May 17 from Ubergizmo

Facebook cops $122M fine from EU over WhatsApp acquisition - CNET

The social media giant provided misleading information during its 2014 merger with WhatsApp, the European Commission said.

Thu 18 May 17 from CNET Cutting Edge

Bookmark

Bookmark and Share