Turkey authority fines Meta $18.63 million for violating competition law

Turkey's Competition Authority announced on Wednesday that it has fined Meta Platforms Inc. 346.72 million liras ($18.63 million) for violating competition law

Meta
IANS Ankara
1 min read Last Updated : Oct 26 2022 | 10:16 PM IST

Turkey's Competition Authority announced on Wednesday that it has fined Meta Platforms Inc. 346.72 million liras ($18.63 million) for violating competition law.

The company merged the data collected from its three applications -- Facebook, Instagram and WhatsApp -- which has complicated the activities of its competitors and created barriers to market entry, the Turkish authority said in a statement, Xinhua news agency reported.

The company held a dominant position in personal social networking services, consumer communication services and online video advertising markets, the watchdog noted.

The fine was based on the company's 2021 income and Meta can object to the decision within 60 days, it added.

The authority had launched an investigation in 2021 when WhatsApp forced its Turkish users to share their data, including phone number and location, with Facebook, or they would not be able to use WhatsApp.

WhatsApp groups created by Turkey's public institutions moved to the local messaging apps after the privacy policy update.

The Turkish government has been tightening its regulations on social media companies over the past few years.

--IANS

int/arm

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :FacebookMark ZuckerbergTurkeycompetition law

First Published: Oct 26 2022 | 10:16 PM IST

Next Story