EU fines Facebook over misleading information
The European Commission said Thursday that when Facebook informed the Commission of the 2014 buyout it said it would be unable to "establish reliable automated matching" between Facebook and WhatsApp user accounts.
But the Commission says that in 2016 WhatsApp offered updates including the possibility of linking user phone numbers with Facebook user IDs.
Competition Commissioner Margrethe Vestager said the fine is proportionate and serves as a deterrent.
She said "the Commission must be able to take decisions about mergers' effects on competition in full knowledge of accurate facts.
Disclaimer: No Business Standard Journalist was involved in creation of this content