Sunday 22 October 2017

Facebook fined €150k by French watchdog

Mark Zuckerberg, founder of Facebook
Mark Zuckerberg, founder of Facebook

Sudip Kar-Gupta

Facebook has been fined €150k by France's CNIL data watchdog for failure to prevent its users' data from being accessed by advertisers.

CNIL said its fine - which was imposed on both Facebook Inc and Facebook Ireland - was part of a wider European probe also being carried out in Belgium, the Netherlands, Spain and Germany into some of Facebook's practices.

The €150k fine is small in the context of the company which has quarterly revenue of about $8bn and a stock market capitalization which stands at around $435bn.

More to follow...

Reuters

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