Facebook Fined $122 Million for Misleading EU Over WhatsApp

Facebook Inc. was fined 110 million euros ($122 million) by the European Union for misleading regulators during a 2014 review of the WhatsApp messaging-service takeover. The European Commission won’t overturn approval for the $22 billion WhatsApp purchase as “the incorrect or misleading information provided by Facebook did not have an impact on the outcome of the clearance decision,” the regulator said Thursday in an emailed statement.

— source bloomberg.com

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