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EU charges Facebook for false info RE Whatsapp

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posted on Dec, 24 2016 @ 11:07 AM

The European commission (EC) has filed charges against Facebook for providing “misleading” information in the run-up to the social network’s acquisition of messaging service WhatsApp after its data-sharing change in August. The charges will not have an affect on the approval of the $22bn merger and is being treated completely separately to other European cases against Facebook, but could lead to Facebook being fined up to 1% of its global turnover in 2014 when the merger was approved, which was greater than $10bn for the first time. The European competition commissioner, Margrethe Vestager, said: “Companies are obliged to give the commission accurate information during merger investigations. They must take this obligation seriously.

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Not sure if this has been posted already!

MODS, please move if in wrong forum
edit on 24/12/2016 by fusiondoe because: (no reason given)

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