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Thursday, 18 May 2017

Commission Fined Facebook €110 million For Wrong Info About WhatsApp Takeover



Facebook, the great social giant app to be fined €110 million which is about $122 million for giving wrong or misleading information about the combination of WhatsApp with Facebook in 2014 to the European Commission. Now they are found guilty and they will have to pay a fine of €100M to the executive body of the EU.


I hope you can recall back in 2016 that Facebook announced to their users through the change of Terms and Conditions about linking of WhatsApp and Facebook platform together? The EC (European Commission) claimed in 2014 that such feature would not be available in the future but Facebook lied. This misleading action falls to EU Merger Regulation that companies are required to provide correct information.

Meanwhile, the possibility of matching accounts was already available and Facebook staff was aware of this possibility but they decides to merge it in a wrong way and also, the £110M fine is calculated 1% of the collected turnover of both companies.

What do you have to say about this?

Ref





17 comments:

  1. That is serious Thanks for the latest update what a whooping amount

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  2. well Facebook is d richest platform, 110euros shouldn't be a problem 4 dem

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  3. Though it is alot of money. I think this is just a little thing for Mark. Lol

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  4. Wow, are you kidding me, this is serious o. Commenting from SAFAXNET BLOG

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  5. what a huge amount of money. how much is it in naira?

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  6. nice update. that alot to pay back 'they shouldn't have done that now they most bear it o

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  7. But Facebook is guilty y did they have to mislead people from day one

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  8. The amount is much but is not a big deal for fb CEO MARK

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  9. omo DAT kind of money 4 naija,me and my future 10generations don't av to work again

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  10. So pEople don't correct for free again

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  11. But dat money too much sha....haha

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  12. What if my battery is a very strong one that doesn't charge fast easily , or if am not using a charger that has fast charging ,and again you said we should stay away from power Banks ,well I disagree ,culs some power Banks are fast

    ReplyDelete
  13. that's billions of naira. who said that isn't huge?

    44,910,830,250 naira

    (44 Billion, 910 million, 830 thousand and 250 naira)

    ReplyDelete

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