Facebook fined over ‘misleading’ info

BRUSSELS: The European Commission on Thursday fined US social media giant Facebook 110 million euros ($120 million) for providing incorrect and misleading information on its takeover of WhatsApp.
“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. — AFP

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