The European Commission has accused Facebook of misleading the organisation with its takeover of WhatsApp. The European Commission claims Facebook provided misleading information leading up to acquisition of WhatsApp, opening up to a possible fine of 1 percent of its turnover.
Facebook has time until January 31 to respond and if the Commission's concerns are confirmed, it can impose a fine of up to 1 percent of turnover, accounting to about $179 million. "We respect the Commission's process and are confident that a full review of the facts will confirm Facebook has acted in good faith, a Facebook spokeswoman said.
Facebook says it is willing to cooperate with the European watchdogs and plans to provide accurate information about company's technical capabilities.
Other Popular Deals
- Top launches of the week: May 22, 20156 weird inventions that tried too hard
- Top launches of the week: June 5, 2015Top launches of the week: May 29, 2015
- Top stories of the week: May 22, 2015Top launches of the week: June 12, 2015
- Top stories of the week: May 29, 2015The Intel Compute Stick, in pictures
- Top stories of the week : June 12, 2015Top stories of the week: June 5, 2015
- In pictures: ETI Dynamic's Solar Electric Hybrid Vehicle17 upcoming movies of 2015 that have us excited
- 5 great gadget deals under Rs 10,000Top stories of the week: May 15, 2015
- Best tech you can buy on a budgetTop launches of the week: May 15, 2015