Tuesday, October 16, 2018
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
New Cyber-shot HX99 Is Possibly the World's Smallest Travel High Zoom Camera
New Palm Phone Is About the Size of a Credit Card
HP Arms ZBooks with Intel Core i9 Processors
Dell Expands UltraSharp Monitor Family With New UltraSharp 49-inch Dual QHD Monitor
ARM and Intel to Secure Internet of Things
Adobe Announces New Creative Cloud at MAX 2018
8K TV Shipments to Reach More Than 400,000 Units in 2019, IHS Markit Says
Sharp Releases New AQUOS 8K LCD TVs With 8K Satellite Tuner
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
Online Political Ads Transparency Project Tackles Archives Built by Social Media Companies
Hackers Stole Phone Number and Email Details of 29 Million Facebook Users
Facebook Removes More than 800 Spam Accounts, Pages
WhatsApp Fixed Video Call Security Bug
Facebook Introduces the Portal Smart Speaker for Messenger Video Calls
Facebook Adds New AI Features to Marketplace
Facebook Says Hackers Did not access Other Sites
Facebook Adds New Tools to Protect People from Bullying and Harassment
Facebook Hacked, Security Breach Affected 50 million Users
Facebook is Handing Your Phone Numbers to Advertisers
Airbnb to Comply with European Commission Demands, Facebook and Twitter Need to Do More
Facebook Launches Bug Bounty Program For Security Holes in Apps

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 .