FaceBook fined 122mil USD by the EU Commission

[zMeul]

source: http://www.reuters.com/article/us-eu-facebook-antitrust-idUSKCN18E0LA

 

(+)/=

 

Quote

European Union antitrust regulators fined Facebook (FB.O) 110 million euros ($122 million) on Thursday for giving misleading information during a vetting of its deal to acquire messaging service WhatsApp in 2014.

Calling it a "proportionate and deterrent fine", the European Commission, which acts as the EU's competition watchdog, said Facebook had said it could not automatically match user accounts on its namesake platform and WhatsApp but two years later launched a service that did exactly that.

"The Commission has found that, contrary to Facebook's statements in the 2014 merger review process, the technical possibility of automatically matching Facebook and WhatsApp users' identities already existed in 2014, and that Facebook staff were aware of such a possibility," the Commission said.

 

the fine however does not reverse the acquisition FaceBook made, but it's a clear message the the European Commission is sending to all corporations to comply with the EU regulations and to provide correct information

 

why was FaceBook fined:

in 2014, with the What'sApp purchase, Facebook informed the Commission that they won't match existing FaceBook identities with WhatsApp's IDs - and yet, two years later, IDs were matched

the EU Commission launched an investigation and found that at the time, 2014, FaceBook was already able to match the IDs

[Droidbot]

So this is how they pay for all these refugees

 

 

[slightlyjaded]

122 million, what's that compared to facebook's declared earnings? It's a bit like charging microsoft a few million per day for not letting netscape navigator having a piece of the pie.

[SCHISCHKA]

EU loves fining US companies. Im ok because I know they dont pay stuff all in taxes and I am not a shareholder

[-TesseracT-]

12 minutes ago, Droidbot said:

So this is how they pay for all these refugees

 

 

According to Fria tider, Sweden spent 14 times as much on refugees than on the military/defense in 2015. How much? About 5.3 trillion USD during that year. Seriously, I'm afraid of the consequences that this is going to have on economy. 

 

9 minutes ago, SCHISCHKA said:

EU loves fining US companies. Im ok because I know they dont pay stuff all in taxes and I am not a shareholder

US states love fining and suing every company under the sun.

[Droidbot]

Just now, -TesseracT- said:

According to Fria tider, Swedistan spent 14 times as much on refugees than on the military/defense in 2015. How much? About 5.3 trillion USD during that year. Seriously, I'm afraid of the consequences that this is going to have on economy. 

ftfy

 

Welcome to the EU - you have free space? We'll fill it with refugees. 

Sweden is to become a third world country by 2030 due to this according to the UN.. 

[mr moose]

I have very little love for the EU, to me they seem to be as legitimate as the UN, one day they will do something useful and no one will want to listen. 

[-TesseracT-]

6 minutes ago, Droidbot said:

ftfy

 

Welcome to the EU - you have free space? We'll fill it with refugees. 

Sweden is to become a third world country by 2030 due to this according to the UN.. 

Dear sane person on the internet. I have no words... such stupidity... care to explain? source?

 

I can feel the indoctrination in the air. 

[Bouzoo]

32 minutes ago, mr moose said:

I have very little love for the EU, to me they seem to be as legitimate as the UN, one day they will do something useful and no one will want to listen. 

You don't really have a lot of reasons to love them if we're honest. 

[tlink]

why the fuck does everything that even mentions the EU completely spiral out of control instantly?

[TheUzu]

Because some people are indoctrinated to defend their unelected EU masters. 

 

If the EU ever wanted to work properly it would have either stuck to being about trade or stopped expanding in like 2001.

[Princess Luna]

@zMeul Why do you always capitalize the letters that aren't capitalized in Microsoft, Facebook and so on?

[Memories4K]

5 hours ago, -TesseracT- said:

US states citizens love fining and suing every company under the sun.

FTFY.

You underestimate the "Can i speak to your manager" haircut soccer moms

[zMeul]

58 minutes ago, Princess Cadence said:

@zMeul Why do you always capitalize the letters that aren't capitalized in Microsoft, Facebook and so on?

FaceBook, MicroSoft aNd So On

[Notional]

It's hardly a fight. It's an instant knockout to facebook. There is nothing they can do, other than shut down in the entire EU, if they don't pay up.

[Energycore]

Just a reminder not to turn political here, lest it be locked.

 

Talking about migrants and the consequences of war is that exactly.

[jagdtigger]

2 hours ago, Notional said:

It's hardly a fight. It's an instant knockout to facebook. There is nothing they can do, other than shut down in the entire EU, if they don't pay up.

That would be a big catastrophe for all the facebook zombies(or smombies for short)... For those who still have their brains it wouldnt be a big deal on the other hand.

 

@Energycore

I expect it to come up for a few times, even though politics are banned its starting to became a real life problem rather than political IMO...

Edited May 18, 2017 by jagdtigger

[samiscool51]

10 hours ago, zMeul said:

in 2014, with the What'sApp purchase, Facebook informed the Commission that they won't match existing FaceBook identities with WhatsApp's IDs - and yet, two years later, IDs were matched

and thats why i don't use facebook, to much spying..... although it's better than win10's spying....

[Eaglerino]

10 hours ago, -TesseracT- said:

US states love fining and suing every company under the sun.

That's how we get people to follow rules. If you convince companies it's cheaper to follow the laws than to get sued into oblivion, they'll follow the laws. Kinda sad it takes money for people to be decent anywhere

 

These fines entertain me, sometimes I wish one of these companies would say "we aren't paying it" then just stop operating in the EU. They could stay in UK and the rest of the planet just fine I'm sure

[Not_Sean]

4 hours ago, Notional said:

It's hardly a fight. It's an instant knockout to facebook. There is nothing they can do, other than shut down in the entire EU, if they don't pay up.

That would be amazing, EU.. give us Moneyzz. FB: No.. and keep asking we'll shut down FB in the EU and post on it saying its cause of you. EU: Do it, see if we care.

 

All EU citizens under 40.. The rich grandpas all sitting in the EU council just got us all locked out of facebook.. 

 

and than the riots started

[Trixanity]

10 minutes ago, Eaglerino said:

That's how we get people to follow rules. If you convince companies it's cheaper to follow the laws than to get sued into oblivion, they'll follow the laws. Kinda sad it takes money for people to be decent anywhere

 

These fines entertain me, sometimes I wish one of these companies would say "we aren't paying it" then just stop operating in the EU. They could stay in UK and the rest of the planet just fine I'm sure

Is there supposed to be an /s somewhere or is your comment just contradictory?

 

"To get people/companies to follow rules, they need a financial incentive"

"companies shouldn't pay fines for breaking the rules"

 

What?

[mr moose]

2 minutes ago, Not_Sean said:

That would be amazing, EU.. give us Moneyzz. FB: No.. and keep asking we'll shut down FB in the EU and post on it saying its cause of you. EU: Do it, see if we care.

 

All EU citizens under 40.. The rich grandpas all sitting in the EU council just got us all locked out of facebook.. 

 

and than the riots started

 

Although it will not happen (too much money to be made) I would love to see companies pull out of the EU just to see what the consequences would be. 

[JoaoPRSousa]

Nice to see Suckerberg getting fucked

[Not_Sean]

Just now, mr moose said:

 

Although it will not happen (too much money to be made) I would love to see companies pull out of the EU just to see what the consequences would be. 

For me, I hate politictions, the fact alone that that is a job, all you do is get paid retarded salaries and "Represent" people.. Would love a company to do that just to show these guys they actually do not rule the roost. For me my ideal society is run as a company not as loyalty because of lines drawn in the sand. 

[Trixanity]

5 minutes ago, Not_Sean said:

For me, I hate politictions, the fact alone that that is a job, all you do is get paid retarded salaries and "Represent" people.. Would love a company to do that just to show these guys they actually do not rule the roost. For me my ideal society is run as a company not as loyalty because of lines drawn in the sand. 

You've now become a moderator of /r/the_donald

 

Being ruled by corporations would be worse than by politicians.

Aaaaand this is getting political.