Meta Hit With $18.6 Million Fine by Turkish Competition Board for Breaking Competition Law

Products You May Like

Meta, Facebook’s parent company, has been fined TRY 346.72 million (roughly Rs. 153 crore) or the equivalent of $18.63 million, for breaking competition law, it said on Wednesday. The company held a dominant position in personal social networking services and online video advertising markets and obstructed competitors by merging data collected through the company’s core services Facebook, Instagram, and WhatsApp, the Turkish authority said in a statement. A spokesperson for Meta said on Wednesday that they did not agree with the findings of the Turkish competition authority.

The spokesperson said Meta protects user privacy and provides people with transparency and control over their data, adding that the company “will consider all options.”

Turkey’s competition authority said Meta must act to reinstate competition in these markets and prepare annual reports about the steps it will take for the next five years, the authority said.

It said the fine was based on the company’s 2021 income.

In 2021, the competition authority launched an investigation into WhatsApp, and then Facebook, after the messaging app asked users to agree to let Facebook collect user data such as phone numbers and locations, a change that was rolled out globally.

Social media companies have been a focus of attention in Turkey, which adopted a law last week that would jail journalists and social media users for up to three years for spreading “disinformation”.

Analysts have said social media companies are unlikely to abide in full by the law that requires them to remove “disinformation” content and share user data with authorities.

© Thomson Reuters 2022

Apple launched the iPad Pro (2022) and the iPad (2022) alongside the new Apple TV this week. We discuss the company’s latest products, along with our review of the iPhone 14 Pro on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.
Affiliate links may be automatically generated – see our ethics statement for details.

Products You May Like

Articles You May Like

Dell, HP, and Lenovo Devices Found Using Outdated OpenSSL Versions
Elon Musk Tells Employees He Wants Twitter to Have Encrypted DMs With Video, Voice Chat Support: Report
Google Docs, Sheets, Slides on Android Optimised for Foldable Phones, Tablets
iPhone Production Said to See 30 Percent Slump After Disruption at Foxconn Plant in China
Reliance Jio Becomes First Telecom Operator to Roll Out 5G Services Across Major Regions in Delhi-NCR

Leave a Reply

Your email address will not be published. Required fields are marked *