Irish regulator has fined Meta almost a billion euros and still has 13 outstanding inquiries
DUBLIN (Reuters) -Ireland's data privacy regulator imposed a 265 million euro ($277 million) fine on social media giant Facebook on Monday, bringing the total it has fined parent group Meta to almost 1 billion euros. The penalty resulted from an investigation, started last year, into the discovery of a collated set of personal data that had been scraped from Facebook between May 2018 and September 2019, and made available online. Facebook was also ordered to make a range of corrective measures.
(Bloomberg) -- As Big Tech reels from the blow of higher interest rates and slowing growth, one top-performing hedge fund manager is going against the tide to bet on the sinking shares of Facebook-owner Meta Platforms Inc. Most Read from BloombergNext Covid-19 Strain May be More Dangerous, Lab Study ShowsKey Trump 2024 Rivals Silent After His White Supremacist MeetingApple to Lose 6 Million iPhone Pros From Tumult at China PlantExpensive Silicon Valley tech would not normally feature on the shop