Facebook Fined €110 Million For Misleading The European Commission

[Lucian Armasu]

The European Commission fined Facebook €110 million ($122 million) for providing incorrect and misleading information about its capability to link WhatsApp and Facebook accounts when the Commission was in the process of approving their merger.

Facebook Fined €110 Million For Misleading The European Commission : Read more

 

[dstarr3]

Well, this might get their attention at least slightly more than the 150,000-euro fine earlier this week.

 

[Giroro]

Facebook: Do you have change for a 1 Billion Euro note? It's the smallest amount of money we can conceive of existing. ... Just kidding, our spyware told us you definitely don't have enough cash to make change.

 

[mspencerl87]

FB = Criminals

 

[skibo1219]

Only ignorant idiots use facebook. remember that next time you are absolutely required to log into it just to participate in some cheap ass contest.

 

[Th3pwn3r]

The European 'commission' is just a bunch of scumbags who want to dip their hands in the cookie jar. Instead of really doing anything that matters they're doing whatever they can to take money and not doing anything that helps.

 

[HyperMatrix]

Facebook is an evil corporation now.

 

[Co BIY]

Corrupt unaccountable entity collects money from second corrupt unaccountable entity. These bureaucratic fines are hard tell apart from mafia protection payments, institutional bribes or just extra-legal taxes. Especially when the amount is insanely high and no justification is given for the amount decided. Is that $2 per phone number 'stolen' ? Why $122 million ? Or is that just enough to fund the commission for the next few years.

What is done with the money collected? Is this used to get people their privacy back ? Is is given to users who's data was stolen ?

Was Facebook ordered to purge the data collected or is the unchallenged fine payment just a payment to the commission for the citizen's data? A secular indulgence payment for a clean corporate conscience?

 

[RomeoReject]

It's a deterrent, Co Biy. Same reason that getting a ticket for running a red doesn't get other drivers money back.

 

[Th3pwn3r]

Corrupt unaccountable entity collects money from second corrupt unaccountable entity. These bureaucratic fines are hard tell apart from mafia protection payments, institutional bribes or just extra-legal taxes. Especially when the amount is insanely high and no justification is given for the amount decided. Is that $2 per phone number 'stolen' ? Why $122 million ? Or is that just enough to fund the commission for the next few years.

What is done with the money collected? Is this used to get people their privacy back ? Is is given to users who's data was stolen ?

Was Facebook ordered to purge the data collected or is the unchallenged fine payment just a payment to the commission for the citizen's data? A secular indulgence payment for a clean corporate conscience?

Exactly. Here in Cook County(Chicagoland area is Cook County) they were implementing a pop/soda tax. The tax will be more expensive than the pop/soda itself. My guess is someone didn't receive a payout(extortion) and now the soda companies are going to see large losses in sales due to this new tax.