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 Outrageous: Facebook hit with $165 million fine for misleading EU on Whatsapp merger

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PostSubject: Outrageous: Facebook hit with $165 million fine for misleading EU on Whatsapp merger    Fri May 19, 2017 9:21 pm

Facebook will pay 110 million euros, or around $165 million, in fines to the European Union, over charges that it misled regulators during its 2014 acquisition of WhatsApp. The fine is one of the largest the company has had to pay to any government.



European regulators said that Facebook was not honest about its ability to identify users that had both Facebook and WhatsApp accounts, and link those accounts. At the time of the merger review, regulators were particularly concerned that WhatsApp users would have their information shared with Facebook without their consent.

http://www.smh.com.au/technology/technology-news/facebook-hit-with-165-million-fine-for-misleading-eu-on-whatsapp-merger-20170518-gw8bst.html
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