Facebook fined over ‘misleading’ info
Published: 07:05 PM,May 18,2017 | EDITED : 04:05 AM,May 04,2024
BRUSSELS: 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.
“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,” EU Competition Commissioner Margrethe Vestager said in a statement.
“The Commission must be able to take decisions about mergers’ effects on competition in full knowledge of accurate facts,” Vestager said. — AFP