The E.U. has fined Facebook 110 million euros, $122 million, for misleading information regarding the acquisition of WhatsApp back 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. Facebook Fined by E.U. 110 miln Euros ($122 miln) Over WhatsApp [reuters.com]
This follows on rapidly from yesterday's fine of Facebook by France's data protection authority, CNIL,
[webmasterworld.com] of 150,000 euros, $166,000, over failing to prevent users' data access by advertisers.
Although, in the scale of things, the amount of the fine is small, the key really is the principal. A financially proportionate fine isn't possible for the authorities to go higher.