Italian watchdog fines Meta for unfair commercial practices
FILE PHOTO: A Meta logo is pictured at a trade fair in Hannover Messe, in Hanover, Germany, April 22, 2024. REUTERS/Annegret Hilse/File Photo
ROME (Reuters) -Italy's antitrust regulator AGCM has fined Facebook and Instagram owner Meta for what it described as unfair commercial practices, the watchdog said on Wednesday.
AGCM said it found that Instagram users were not properly informed about the use of their personal data for commercial purposes, the regulator's statement said.
It also said that Facebook and Instagram users were not given proper information on how they could contest suspensions of accounts.
Meta has already addressed the problems, the regulator said.
"We disagree with the Italian competition authority's decision and are assessing our options," a Meta spokesperson said in a statement.
The spokesperson added that since August 2023 Meta has implemented several changes for Italian users that address the authority's concerns, including increased transparency on how the company uses data to show advertising on Instagram.
(Reporting by Alvise Armellini and Elvira PollinaEditing by David Goodman)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Explainer-The status of Iran's uranium enrichment programme
- Exclusive-Saudi Arabia launches air safety probe into flydubai incident, sources say
- Exclusive-Saudi Arabia launches air safety probe into flydubai incident, sources say
Create E-mail Alert Related Categories
ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!





Tweet
Share