Facebook has been handed a deadline to confirm whether it gave EU regulators misleading information about its takeover of WhatsApp two years ago.
The European Commission, the EU's executive arm, said it had issued a "statement of objections" and given Facebook until 31 January to respond.
The Commission said it was concerned that Facebook can match its users' accounts with those of the mobile messaging service - having been told in 2014 that this was not possible.
However, its terms of service and privacy update in August suggest it can, the Commission said.
EU Competition Commissioner Margrethe Vestager said: "Companies are obliged to give the Commission accurate information during merger investigations.
"They must take this obligation seriously. Our timely and effective review of mergers depends on the accuracy of the information provided by the companies involved."
She added that the "preliminary view is that Facebook gave us incorrect or misleading information".
It could face fines of up to 1% of its turnover - hundreds of millions of pounds - if those suspicions are found to be confirmed.
The Commission added that, either way, the information would not alter its decision in clearing the transaction.
Facebook was yet to respond to the development.
Follow The Forefront on:
> facebook Nigerian audience
> The Forefront on Twitter
>BBM Channel: C002CB006 {WELCOME TO THE FOREFRONT}
> The Forefront on Twitter
>BBM Channel: C002CB006 {WELCOME TO THE FOREFRONT}
Share this post with others on social media with options below.
|
No comments:
Post a Comment
Disclaimer!!! Opinions expressed in comments do not represent THE FOREFRONT MEDIA NG's views. All participants are entitled to their opinions. Thank you!!!
Advertise on the Forefront: For advert placement in the blog or advert posts like news updates, reach +2348124620827 [WhatsApp].
Copyright 2023 The Forefront Media Ng. All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from The Forefront Media Ng