EU Accuses Facebook Of Giving Misleading Information During WhatsApp Takeover (reuters.com)
The European Commission has charged Facebook with providing misleading information during its takeover of the online messaging service WhatsApp, opening the company to a possible fine of 1 percent of its turnover. From a report on Reuters: The statement of objections sent to Facebook will not have an impact on the approval of the $22 billion merger in 2014, the Commission said in a statement on Tuesday. Facebook becomes the latest Silicon Valley target of EU antitrust chief Margrethe Vestager, who has demanded Apple pay back $14 billion in taxes to Ireland and hit Google with two market abuse investigations. The issue regards a WhatsApp privacy policy change in August when it said it would share some users' phone numbers with parent company Facebook, triggering investigations by a number of EU data protection authorities. The Commission said Facebook had indicated in its notification of the planned acquisition that it would be unable reliably to match the two companies' user accounts. "In today's Statement of Objections, the Commission takes the preliminary view that, contrary to Facebook's statements and reply during the merger review, the technical possibility of automatically matching Facebook users' IDs with WhatsApp users' IDs already existed in 2014," it said.
Like Billy Davis proclaimed!
Stolen idea, how could FB possibly be worth A TRILLION dollars? How can any website be worth a TRILLION
How is it possible they have a BILLION active users when (people like me) have never once used it?
Basically the EU's anti trust chief is as tech savvy as my 40 years dead grandmother.
Build a Man a Fire, and He'll Be Warm for a Day. Set a Man on Fire, and He'll Be Warm for the Rest of His Life.
Have no fear! Trump is here! Everything will be great again in just a few more weeks!
Snopes labels this as fake news...
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"EU,,, u is tots rong. Were u get ur news, facebook?" ;)
Anons need not reply. Questions end with a question mark.
Best thing to come out the EU in a very long time. A person of integrity that cares more about the rule of law than whatever is convenient for random megacorp.
"But the American corporation told us what we wanted to hear!?!?!?!?"
Populus vult decipi, ergo decipiatur...
"Force shits upon Reason's back." - Poor Richard's Almanac
Nope, it just goes after companies that violate the law. Most companies hit with regulatory action by the EC are European, but they probably don't make the news as much where you live.
The EU does not abuse regulatory action as a means of protectionism, like the US does.
The phrase "it would be unable reliably to match the two companies' user accounts" stands out. Given the data mining capabilities of these corporations, I can't quite believe that. That matching phone number in both Whatsapp and Facebook, nah there is not way we could use that as a linking piece of data?
Jumpstart the tartan drive.
Even the EU is bitching about fake news now.