🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Italy watchdog threatens Facebook with another fine over improper use of data

Published 01/24/2020, 09:57 AM
© Reuters. Logo of Facebook is seen in Davos
META
-

MILAN (Reuters) - Italy's competition watchdog said on Friday it has launched proceedings against Facebook (NASDAQ:FB) for non-compliance with a request to correct improper commercial practices in the group's treatment of user data.

In November 2018 the watchdog ruled that Facebook had not informed users properly about the collection and use, for commercial reasons, of the data they release.

It fined the U.S. company 5 million euros ($5.5 million) and asked it to publish an amending statement on the homepage of its website for Italy, on the Facebook app and on the personal page of each registered Italian user.

On Friday the regulator said in a statement that Facebook had not done so and the company could face another fine of up to 5 million euros.

A spokesperson for Facebook said the group was reviewing the decision.

The company made changes last year, including to its Terms of Service, to further clarify how it makes money, the spokesperson said.

"These changes were part of the group's ongoing commitment to give people more transparency and control over their information."

© Reuters. Logo of Facebook is seen in Davos

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.