- The EU is likely to slap a penalty on Facebook Inc’s FB WhatsApp for the first time under its data protection rules, Bloomberg reported.
- It may face a fine of €30 million - €50 million for the violation, Politico reports. WhatsApp could also be required to change user data handling, as the case pertains to its failure to inform the EU users about its data-sharing methodology with Facebook.
- The Irish Data Protection Commission will take a final decision to probe into WhatsApp’s data-sharing transparency today.
- The initial draft had toppled over several objections by EU counterparts.
- France’s privacy authority has penalized Alphabet Inc’s GOOG GOOGL Google €50 million for separate privacy violations. Ireland’s Data Protection Commission recently issued a €0.5 million penalty against Twitter Inc TWTR.
- Price action: FB shares traded higher by 1.14% at $372 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in