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    Home»News»Business»Marketing»Facebook fined $277 million in Europe

    Facebook fined $277 million in Europe

    Aurora WritesBy Aurora WritesNovember 29, 2022No Comments3 Mins Read
    Facebook fined 7 million in Europe
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    • Index hide
      1 In 2022, at least 3 billion Internet users regularly use social networks.
      2 Facebook has approximately 2.9 billion users worldwide.
      3 68 percent of Americans use the social network founded by Mark Zuckerberg.
      4 Facebook fined in Europe
      5 Now read:

      In 2022, at least 3 billion Internet users regularly use social networks.

    • Facebook has approximately 2.9 billion users worldwide.

    • 68 percent of Americans use the social network founded by Mark Zuckerberg.

    The technology industry continues to generate news around the world. Like, this Monday, Ireland’s data privacy regulator in Europe has fined social media giant Facebook $277 million (creditor of five million Mexican pesos), bringing the total fines to parent group Goal to around 1,000. 040 million dollars.

    In this sense, currently in the world it is registered, according to the report made by We Are Social and Hootsuite4 thousand 620 million network users.

    Given these data, one of the most iconic and used social networks in the world is Facebook, which according to data from DataReportal, the platform created by Mark Zuckemberg led again in 2021 the ranking of the platforms with the most active users, with approximately 2.9 billion.

    Facebook fined in Europe

    According to information disseminated by local media, the sanction was the result of an investigation launched last year into the discovery of a collected set of personal data. that had been extracted from Facebook between May 2018 and September 2019, and made available online.

    Facebook was also ordered to take a series of corrective measures, given the problem.

    Faced with the fine, Meta said it fully cooperated with the Irish Data Privacy Commissioner’s investigation and conducted changes to their systems during the time in question, including removing the ability to scrape their features in this way using phone numbers.

    Read:  According to the Vice President of Binance Europe, the MiCA legislation is good news for crypto intermediaries

    In this sense, the fine imposed on Monday is the fourth that the DPC gives to one of the companies in Meta. It is the main privacy regulator of Meta within the European Union and has 13 more queries in the social media group.

    It’s worth mentioning that in September, the watchdog hit its Instagram subsidiary with a record $420 million fine, which Meta plans to appeal. Meta added in its Monday statement that it was reviewing the decision related to the latest fine.

    The DPC regulates Apple, Google, Twitter, Tiktok and other tech giants due to the location of their EU headquarters in Ireland. Currently, it has 40 investigations open on this type of company.

    The regulator has the power to impose fines of up to four percent of the global revenue of a company under the tax regime. “one-stop shop” dthe EU General Data Protection Regulation introduced in 2018.

    The DPC said mitigating factors in Monday’s decision, which had been approved by all other relevant EU regulators, they included the actions Facebook had taken.

    “We will keep going until the behavior changes,” Ireland’s data privacy commissioner Helen Dixon told Irish national broadcaster RTE.

    And this is how social networks are being regulated around the world and how they can be seen, so everything these companies do can affect not only users, but also other companies.

    Now read:

    Woman responds to stalker with satanic audios on Facebook and reveals siege in networks

    Facebook swallows its pride: TikTok the most viewed on its platform

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