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Forbes
22 May 2023
Facebook’s parent Meta has been ordered to pay a record $1.3 billion (€1.2 billion) fine by the European Union, for failing to adhere to the bloc’s stringent privacy rules, in the latest severe financial penalty handed to an American tech giant by the EU.
Meta's $1.3 billion fine is the largest issued under the EU's privacy rules.
The ruling was issued by the Irish Data Protection Commission, Meta’s chief regulator in the EU, as the company’s regional headquarters are located in Dublin, Politico reported first.
The amount is the largest fine issued under the European Union’s General Data Protection Regulation, which has previously snagged the likes of Amazon and Google.
This is a developing story.