Friday, April 27, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Amazon Reports Huge Profits
Intel Reports Record First-quarter Revenue on Demand for Data Center Chips, 10nm Chips Coming in 2019
Azure and Office Power Microsoft's Third Quarter Results
AMD Zen CPU Architect Jim Keller Joins Intel
Under-display Fingerprint Sensor for Smartphones is the New Trend
EU to Regulate Tech Giants' Online Business Practices, Move to Tackle Online Disinformation
Chinese Smartphone Shipments Decline by 21 Percent in Q1 2018
Strong Switch Sales Boost Nintendo's Profit
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Europea...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, May 18, 2017
European Commission Fines Facebook €110 Million for Providing Misleading Information About WhatsApp Takeover


The European Commission (EC) has fined Facebook €110 million for providing incorrect or misleading information during the Commission's 2014 investigation of Facebook's acquisition of WhatsApp.

Commissioner Margrethe Vestager, in charge of competition policy, said: "Today's decision sends a clear signal to companies that they must comply with all aspects of EU merger rules, including the obligation to provide correct information. And it imposes a proportionate and deterrent fine on Facebook. The Commission must be able to take decisions about mergers' effects on competition in full knowledge of accurate facts."

The EU Merger Regulation obliges companies in a merger investigation to provide correct information that is not misleading as this is essential for the Commission to review mergers and takeover.

When Facebook notified the acquisition of WhatsApp in 2014, it informed the Commission that it would be unable to establish reliable automated matching between Facebook users' accounts and WhatsApp users' accounts. However, in August 2016, WhatsApp announced updates to its terms of service and privacy policy, including the possibility of linking WhatsApp users' phone numbers with Facebook users' identities.

On 20 December 2016, the Commission addressed a Statement of Objections to Facebook detailing its concerns.

The Commission has found that, contrary to Facebook's statements in the 2014 merger review process, the technical possibility of automatically matching Facebook and WhatsApp users' identities already existed in 2014, and that Facebook staff were aware of such a possibility.

The EC's latest decision is unrelated to either ongoing national antitrust procedures or privacy, data protection or consumer protection issues, which may arise following the August 2016 update of WhatsApp terms of service and privacy policy.

The Commission could have fined Facebook up to 1 percent of its turnover - which would have been $276 million based on 2016 results - but said that Facebook had cooperated with the proceedings and acknowledged its infringement.

The EU sanction comes after Facebook received a separate 150,000-euro fine on Tuesday by a French data watchdog for failing to prevent its users' data being accessed by advertisers.

Last week the Italian antitrust authorities levied a 3 million-euro fine on WhatsApp for allegedly obliging users to agree to share their personal data with Facebook.



Previous
Next
Sharp To Invest $1 billion in SoftBank's Tech Fund        All News        AMD Radeon RX 560 Released
Sharp To Invest $1 billion in SoftBank's Tech Fund     General Computing News      Facebook Updates News Feed to Reduce Clickbait Headlines

Get RSS feed Easy Print E-Mail this Message

Related News
Facebook Reports Quarterly Profit Fueled by Mobile Ads, No Impact From Analytica Scandal
Facebook Outlines Internal Enforcement Guidelines For the First time
Facebook Says Users Are Not Products, the Social Network Is
Facebook Seeking to Hire Chip Designers
Facebook Outlines Privacy Measures Towards GDPR
Facebook Provides More Details About Data Collecting Beyond Users
Zuckerberg Avoided Clarifications related to Data Collection Practices
Zuckerberg's Testimony Is Over, But Uncertainty Remains
Zuckerberg Takes Responsibility for Facebook's Problems
Facebook Suspends Canadian firm AggregateIQ
Facebook Messenger Gets More Visual With Support for 360 Degree Photos and HD Quality Video
Internal Memo Shows Facebook's 'Growth At Any Cost' Culture

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2018 - All rights reserved -
Privacy policy - Contact Us .