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Facebook fined $122 mn by EU anti-trust officials

Twitter, Facebook might face a new tax in the UK if Theresa May's gets re-elected

Mark Scott 

Europe’s love affair with Facebook may be coming to an end. On Thursday, the European Union’s powerful antitrust officials fined the social network 110 million euros, or about $122 million, for giving misleading statements during the company’s $19 billion acquisition of WhatsApp, the internet messaging service, in 2014. The fine — one of the largest regulatory penalties against Facebook — comes days after French and Dutch privacy watchdogs also ruled that the company broke strict data protection rules. Other European countries, notably Germany, also ...

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First Published: Fri, May 19 2017. 00:49 IST