On a first note, i must say that it is very good that we do have laws, as it would help keep most of these coys in check as to the policies they keep updating on a regular. The most recent to be slammed with a fine is our dear Facebook.
READ MORE: Whatsapp Receives New Update
Facebook has been fined $122 million fine by the European Commission (EC) over misleading information it provided when it acquired WhatsApp during which it claimed it could not link the profiles of users on WhatsApp and Facebook. YES.. recall when the ish about the new whatsapp policy was all over, they claimed they could link profiles on whatsapp and facebook, but it seemed like they this has been cooking in their circle even before that new policy update, and have now been put in check by the European Commission.
READ MORE: WhatsApp’s ‘Status’ Hits 175M Daily Users
So basically, the 2016 update was just a cover of what has been in the kitchen for some two years back (2014).
According to Margrethe Vestager, European Union’s antitrust chief,
“Today’s decision sends a clear signal to companies that they must comply with all aspects of E.U. merger rules. And it imposes a proportionate and deterrent fine on Facebook. The commission must be able to take decisions about mergers’ effects on competition in full knowledge of accurate facts.”
Facebook, while responding to the decision said it “acted in good faith” during its interactions with the European Commission, and that it “sought to provide accurate information at every turn.”
The statement added that ”the errors we made in our 2014 filings were not intentional and the Commission has confirmed that they did not impact the outcome of the merger review.”