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EU Fines Facebook
EU Fines Facebook

EU Fines Facebook

EU Fines Facebook

The European Commission on Thursday fined US social media giant Facebook €110 million ($120 million) for providing incorrect and misleading information on its takeover of WhatsApp, AFP reported. “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. Facebook said in response that it cooperated with the commission and that the errors made were not intentional. “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,” a Facebook spokesperson said. “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. The latest announcement brings this matter to a close.”

 

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