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The EU has slapped Facebook with an antitrust complaint over its WhatsApp acquisition

European Union regulators say that Facebook may have intentionally misled them when it sought their approval to purchase WhatsApp, reports Bloomberg. Facebook acquired the messaging app in 2014 for $22 billion. Bloomberg says that if Facebook is found guilty, it could face fines of up to 1% of annual sales for providing “incorrect or misleading … Continue reading “The EU has slapped Facebook with an antitrust complaint over its WhatsApp acquisition”

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European Union regulators say that Facebook may have intentionally misled them when it sought their approval to purchase WhatsApp, reports Bloomberg. Facebook acquired the messaging app in 2014 for $22 billion. Bloomberg says that if Facebook is found guilty, it could face fines of up to 1% of annual sales for providing “incorrect or misleading information” during the EU’s review of the acquisition. 

About the author

Michael Grothaus is a novelist, journalist, and former screenwriter. His debut novel EPIPHANY JONES is out now from Orenda Books. You can read more about him at MichaelGrothaus.com

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