Shares of Facebook (NASDAQ: FB) were down modestly today after the social media giant was slapped with a $267 million fine by an Irish regulatory agency. The Data Protection Commission, Ireland's privacy regulator, fined Facebook-owned messaging service WhatsApp $267 million for violating European Union privacy rules about sharing user data with other Facebook-owned properties. Facebook said it would appeal the decision, saying the penalty was disproportionate to the infraction. Read More...
Shares of Facebook (NASDAQ: FB) were down modestly today after the social media giant was slapped with a $267 million fine by an Irish regulatory agency. The Data Protection Commission, Ireland’s privacy regulator, fined Facebook-owned messaging service WhatsApp $267 million for violating European Union privacy rules about sharing user data with other Facebook-owned properties. Facebook said it would appeal the decision, saying the penalty was disproportionate to the infraction.
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