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Facebook fined $122 million by the EU over its WhatsApp acquisition

Posted: , by Damian M.

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Facebook fined $122 million by the EU over its WhatsApp acquisition

Facebook has been under investigation over its acquisition of WhatsApp in 2014 for some time now. When the EU approved the deal, Facebook claimed that it would be unable to make any connections between the Facebook and WhatsApp accounts of individual users. However, in 2016 the team behind the popular messaging app announced it will be sharing user data with its new parent company.

This sparked an outrage from many users, and also lead to an investigation from the European Commission. Long story short, the Commission concluded that Facebook provided misleading information on two separate occasions. This made it slap a fine on Zuck and company for a total of $122 million.

“Today's decisions sends a clear signal to companies that they must comply with all aspects of EU merger rules, including the obligation to provide correct information,” said Commissioner Margrethe Vestager. “And it imposes a proportionate and deterrent fine on Facebook. The Commission must be able to take decisions about merger's effects on competition in full knowledge of accurate facts.”

This decision will not affect the approval of the merger, but it's still considered a very serious offense by the European Commission, since Facebook not only provided misleading information twice, but was also aware of the possibility to connect the accounts on the two platforms from the get-go. However, the company did “acknowledge its infringement of the rules and waived its procedural rights to have access to the file and to an oral hearing”, which the Commission listed as a mitigation factor.

All of the above had an impact on determining the final fine, which could have been up to 1% of the aggregated turnover of the companies.

source: European Commission via MacRumors

  • Options

posted on 18 May 2017, 06:22 2

1. Firenze91 (Posts: 113; Member since: 19 Nov 2014)

so when am i (as a user) getting my share of the $122millions???

posted on 18 May 2017, 07:02 1

3. Phonehex (Posts: 340; Member since: 16 Feb 2016)

Dont use , you wont get a penny anyway !

posted on 18 May 2017, 06:37 2

2. HugoBarraCyanogenmod (Posts: 1357; Member since: 06 Jul 2014)

Time to leave EU and call for Facexit

posted on 18 May 2017, 09:22

9. Bernoulli (Posts: 4327; Member since: 01 Sep 2012)

Can you even pronounce it? Sounds like a Chinese name

posted on 18 May 2017, 07:02 4

4. rd_nest (Posts: 1656; Member since: 06 Jun 2010)

Good job EU. They leave nobody when it comes to privacy issues. MS, Google, FB all go under the hammer.

posted on 18 May 2017, 08:23 1

5. barcas (Posts: 54; Member since: 01 Sep 2014)

Erm so here's a fine facebook but you can still do what you weren't meant to do anyway!?
Surely that's more of a fee then a fine

posted on 18 May 2017, 08:28

6. jojon (Posts: 360; Member since: 11 Feb 2014)

...exactly, well said.

posted on 18 May 2017, 08:53 1

7. lyndon420 (Posts: 5002; Member since: 11 Jul 2012)

I think it's time the European Union was disbanded. And here's a question: why are they entitled to this money and what is going to be done with it. Oh wait never mind...the big crash is coming, and the powers that be need to line their pockets...fast.

posted on 18 May 2017, 09:16

8. XperiaFanZone (Posts: 2226; Member since: 21 Sep 2012)

You don't understand, get your tongue out of your neighbour's arse for once so you see the bigger picture

posted on 18 May 2017, 21:49

10. diggie32 (Posts: 319; Member since: 03 Apr 2016)

Hey those migrants aren't going to pay for themselves

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