Meta Platforms Inc. (META)

Index:

Nasdaq 100

$ 504.22
   
  • Change Today:
    $-15.34
  • 52 Week High: $527.34
  • 52 Week Low: $281.53
  • Currency: US Dollars
  • Shares Issued: 2,211.00m
  • Volume: 15,855,137
  • Market Cap: $1,114,830m

Google, Facebook to be fined EUR 201m by French privacy regulator

By Josh White

Date: Thursday 06 Jan 2022

LONDON (ShareCast) - (Sharecast News) - Internet giants Google and Facebook were eyeing up fines totalling €210m, it was reported on Thursday, for breaking European Union privacy rules.
According to Politico, France's privacy regulator - the Commission nationale de l'informatique et des liberté (CNIL) - was preparing to fine Alphabet's Google operations in Ireland and the United States €90m and €60m, respectively.

The CNIL was also set to hand down a €60m penalty to Meta's Facebook division in Ireland, Politico added, citing an official document.

Both companies would also face additional daily penalties of €0.1m if they did not remedy their offending practices within three months of such a decision from the CNIL.

The move would not be the first Big Tech penalty from France's privacy watchdog, with the CNIL fining Amazon and Google €35m and €100m in December 2020, respectively, for breaching rules on cookie tracking.

It also fined Google another €50m for breaking the wide-reaching General Data Protection Regulation (GDPR) at the time.

"We are reviewing the authority's decision and remain committed to working with relevant authorities," Politico quoted a spokesperson for Facebook owner Meta as saying.

"Our cookie consent controls provide people with greater control over their data, including a new settings menu on Facebook and Instagram where people can revisit and manage their decisions at any time, and we continue to develop and improve these controls."

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META Market Data

Currency US Dollars
Share Price $ 504.22
Change Today $ -15.34
% Change -2.95 %
52 Week High $527.34
52 Week Low $281.53
Volume 15,855,137
Shares Issued 2,211.00m
Market Cap $1,114,830m

What The Brokers Say

Strong Buy 25
Buy 24
Neutral 8
Sell 2
Strong Sell 0
Total 59
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Trades for 28-Jun-2024

Time Volume / Share Price
16:00 3,893,465 @ $504.22
16:00 100 @ $504.22
16:00 730 @ $503.89
16:00 100 @ $503.90
16:00 200 @ $503.92

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