EU fines Facebook $122 million for lying about WhatsApp deal

Facebook has to pay up, to the tune of $122 million.

EU regulators said the social media site deliberately misled them.

In 2014 Facebook wanted to acquire messaging service WhatsApp. Facebook told the EU that it couldn’t match user accounts across platforms.

In 2016 it did exactly that—and EU investigators found that Facebook knew it had the capability in 2014, when it proposed the acquisition.

“We believe that considering all elements in the fine calculation, including the deterrence effect, the fine imposed on Facebook of 110 million euros is indeed proportionate in light of Facebook’s turnover,” said European Commission Competition spokesman Ricardo Cordaso.

“I would also point to the fact that the fine is the highest fine that we have ever imposed for a procedural infringement in a merger case,” he said.

 
 
 
RECOMMENDED ARTICLE

Adorable duo creates awesome car-remix of ‘Let It Go’

Adorable duo creates awesome car-remix of ‘Let It Go’
READ MORE >
 
 
US

Trump to Visit Yuma–Mexico Border Where Wall Is Most Effective

Trump to Visit Yuma–Mexico Border Where Wall Is Most Effective
President Donald Trump will touch down in Yuma, Arizona, today to visit the border and view Border Patrol ...
READ MORE >
 

Wife of China Human Rights Lawyer Put on Trial Suspects Coercion in Guilty Plea

Wife of China Human Rights Lawyer Put on Trial Suspects Coercion in Guilty Plea
Prominent Chinese human rights lawyer Jiang Tianyong was put on trial Tuesday, Aug. 22 for "subversion of state ...
READ MORE >
 
US

US Coal Industry Is on the Road to Recovery

US Coal Industry Is on the Road to Recovery
U.S. coal producers are confident in expanding their production thanks to President Donald Trump's coal-friendly policies and strong ...
READ MORE >
 

UN Report: North Korea Shipments to Syria Chemical Arms Agency Intercepted

UN Report: North Korea Shipments to Syria Chemical Arms Agency Intercepted
UNITED NATIONS—Two North Korean shipments to a Syrian government agency responsible for the country's chemical weapons program were intercepted ...
READ MORE >
 

How to save a choking infant

How to save a choking infant
We all hope we'll never be put in the position of having to save a baby's life, but ...
READ MORE >