Latest fines publications
European Union regulators have been urged by 43 European companies to deploy new tech firm rules to make sure that Google allows for more competition for its search function. Google was fined €2.4 billion by the European Commission several years ago and was ordered to stop favouring its own shopping service over competitors.
A recent policy update by PayPal that would fine users $2,500 for misinformation has been withdrawn after the payments giant said it was published in error. Soon after the new policy wording was reported, PayPal faced an intense backlash on social media with many high-profile leaders in technology openly criticising the update.
The Italian antitrust watchdog placed a €173.3 million fine against Apple and Amazon for alleged collusion last year, which an administrative court in the country has now scrapped. This penalty was originally set at €203 million but was reduced to €173.3 after the competition authority made an error in their calculations.
The 5 billion dollar fine would be the largest the US Federal Trade Commission has levied on a technology company The US Federal Trade Commission has voted to approve a fine of about 5 billion dollars for Facebook over privacy violations, the Wall Street Journal has reported. Facebook declined to comment on the story which… Read More