Wednesday, August 23, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New 6.3-inch Samsung Galaxy Note 8 Comes With Dual Camera, Enhanced S Pen
GPU Shipments Increased from Previous Quarter
LG to Establish Factory for Electric Vehicle Components in the U.S.
Microsoft Unveils Project Brainwave for Real-time AI
Panasonic Touts 1TB Optical Disc For Storing Cold Data
Google to Detail Titan Security Chip for Cloud Services
Toshiba Puts Weight in Talks With Western Digital on Chips Business Sale
Micron Expands its NVDIMM-N Portfolio
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 Tests News Stories Customized to Users' Interests
Facebook Marketplace Expands to Europe
Facebook Tests The Waters in China With Unbranded Software App
Facebook Introduces New 'Watch' Video Service
Facebook to Take New Fake News Measures
Facebook News Feed to Prioritize Stories That Link to Faster Webpages
Facebook has more that 2 billion users, profit and revenue soar
Live from Facebook Spaces Lets You Share VR with Friends
Ads Heading to Facebook Messenger Globally
Facebook to build housing in Silicon Valley
Facebook's Internet Drone Lands Successfully
Facebook Adds New Metrics For Ad Campaigns

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .