Facebook to Pay $122 Million in Fines to the EU


Facebook to Pay $122 Million in Fines to the EU
  1. Facebook to Pay $122 Million in Fines to the EU
    hamodia.com
    Facebook will pay $122 million in fines to the European Union, over charges that it misled regulators during its 2014 acquisition of WhatsApp. The fine, announced Thursday, is one of… Read more » The post Facebook to Pay $122 Million in Fines to the EU appeared first on Hamodia. In related news: EU Watchdog Probes Facebook Over WhatsApp Merger Facebook Buying Messaging App WhatsApp for $16B Facebook Closes WhatsApp Purchase Now Worth $21.8B Facebook Abuses ‘Quasi-Monopoly’ o…
    Technology

By Hayley Tsukayama

(The Washington Post) - Facebook will pay $122 million in fines to the European Union, over charges that it misled regulators during its 2014 acquisition of WhatsApp. The fine, announced Thursday, is one of the largest the company has had to pay to any government.

European regulators said that Facebook was not honest about its ability to identify users that had both Facebook and WhatsApp accounts and link those accounts. At the time of the merger review, regulators were particularly concerned that WhatsApp users would have their information shared with Facebook without their consent.

“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,” regulators said. “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.”

Moreover, regulators said, Facebook staff knew that matching accounts was technically possible at the time of the review.

For its part, Facebook maintains that it did not mean to mislead regulators. “We’ve acted in good faith since our very first interactions with the Commission and we’ve sought to provide accurate information at every turn,” Facebook said in an official company blog post. “The errors we made in our 2014 filings were not intentional and the Commission has confirmed that they did not impact the outcome of the merger review. Today’s announcement brings this matter to a close.”

The decision, as Facebook’s statement indicates, does not affect the relationship between WhatsApp and Facebook. The commission has said that the information in misleading statements was not a major factor into its decision to approve…

  1. Top 7 Web Development Trends in 2016

    Solutiondots.com - Companies
    05.23 / 00:04 solutiondots.com
    The post Top 7 Web Development Trends in 2016 appeared first on…
  2. Augmented Reality Gains Led by Snapchat

    Naharnet.com - Technology
    05.22 / 22:15 naharnet.com
    Augmented reality is seeing strong gains among Americans thanks to social networks like Snapchat, Instagram and Facebook, a market research firm said Monday. A new report by eMarketer said some 40 million Americans will engage with augmented reality monthly in 2017, up 30 percent over last…
  3. 3D printed ovaries produce healthy offspring

    3dprintingprogress.com - Technology
    05.22 / 22:09 3dprintingprogress.com
    The new world of 3-D printed organs now includes implanted ovary structures that, true to their design, actually ovulate, according to a…
  4. Twitter Co-Founder: I’m Sorry If We Made Trump’s Presidency Possible

    Hamodia.com - Technology
    05.22 / 22:07 hamodia.com
    If anyone knows how important Twitter is to Donald Trump, it’s the president. “Without the tweets, I wouldn’t be here,” he told the Financial Times last month. To which Twitter’s… Read more » The post Twitter Co-Founder: I’m Sorry If We Made Trump’s Presidency Possible appeared first on Hamodia. In related news: Twitter Adds Product and Place Pages Tweet Self-Propagates Through TweetDeck Trump Won’t Quit Twitter, Says Press Secretary …
  5. Hackers Hit Russian Bank Customers, Planned International Cyberraids

    Hamodia.com - Technology
    05.22 / 22:07 hamodia.com
    Russian cybercriminals used malware planted on Android mobile devices to steal from domestic bank customers and were planning to target European lenders before their arrest, investigators and sources with knowledge… Read more » The post Hackers Hit Russian Bank Customers, Planned International Cyberraids appeared first on Hamodia. In related news: Hackers’ $1 Billion Bank Theft May Still Impact Consumers BMO Harris Bank Adds Fingerprint Login to iPhone Mobile App FireEye: H…
  6. 7 important points that should be reviewed before choosing any ERP software

    Solutiondots.com - Companies
    05.21 / 23:33 solutiondots.com
    The post 7 important points that should be reviewed before choosing any ERP software appeared first on…
  7. Frenchmen Claim Cure for WannaCry-Infected Computers

    Hamodia.com - Technology
    05.21 / 22:10 hamodia.com
    French researchers have released software tools that they claim can restore some of the computers locked up by a global cyberattack that held users’ files for ransom. The researchers said,… Read more » The post Frenchmen Claim Cure for WannaCry-Infected Computers appeared first on Hamodia. In related news: Estonian Gets Prison in Cyberscam That Infected 4M Computers FBI: Blackshades Infected Half-Million Computers Cyber Firms Say Looking at Possible North Korea Tie to…
  8. New Zealand Space Launch Has Nation Reaching for the Stars

    Hamodia.com - Technology
    05.21 / 22:10 hamodia.com
    New Zealand has never had a space program but could soon be launching commercial rockets more often than the United States. That’s if the plans of California-based company Rocket Lab… Read more » The post New Zealand Space Launch Has Nation Reaching for the Stars appeared first on Hamodia. In related news: SpaceX Set to Launch Satellites for European Company SpaceX Gets New Launch Order, Targets Mid-February for Next Satellite Launch Florida in a Battle for…
  9. Jury Awards T-Mobile $4.8M in Trade-Secrets Case Against Huawei

    Hamodia.com - Technology
    05.21 / 22:10 hamodia.com
    A long-running lawsuit that T-Mobile filed in 2014 against Chinese smartphone maker Huawei concluded in federal court in Seattle last week, when a jury decided that Huawei misappropriated trade secrets… Read more » The post Jury Awards T-Mobile $4.8M in Trade-Secrets Case Against Huawei appeared first on Hamodia. In related news: T-Mobile Sues Chinese Telecom Giant Huawei T-Mobile Settles Cramming Case for $90 Million Huawei Technologies Has Big Plans, Faces Big Questions…
  10. Electric-Vehicle Sales Rise in California

    Hamodia.com - Technology
    05.21 / 22:10 hamodia.com
    Sales of new cars and trucks in California inched forward in the first three months of the year, and the electric-vehicle market made some healthy improvement. “It’s a credit to… Read more » The post Electric-Vehicle Sales Rise in California appeared first on Hamodia. In related news: NADA: New-Car Sales Expected to Rise 5.8 Percent Hybrid Vehicle Sales Continue to Rise Despite Easing Gas Prices California Regulator Scolds Automakers for Electric Pushback China’s Auto …