On October 26, the Turkish authorities decided to fine Meta Platforms – Facebook’s management company – 18.3 million USD for violating competition law.

Accordingly, Meta Platforms, which currently dominates personal social networking services and online video advertising in Turkey, has hindered competitors from entering the market by consolidating data is collected through its platform apps Facebook, Instagram and WhatsApp.

Previously, in 2021, the Turkish Competition Supervisory Authority opened an investigation into WhatsApp and then Facebook, after these apps updated their terms of service to reserve their rights. of the owner of Facebook and its subsidiaries to collect user data such as phone numbers and location.

Turkey’s competition authority says Meta must take action soon to restore fair competition in these markets. The above fine is calculated based on Meta Platforms’ 2021 earnings and the company can appeal the decision within 60 days. 

A spokesperson for Meta Platforms said the company disagrees with the findings of the investigation and will consider all options. 

Social media companies are at the center of attention in Turkey, as the country implemented measures last week to tighten regulations on social media companies. Notably, the country has passed a law that can jail journalists and social media users for up to three years for distributing material with false content.

According to: Vietnam Lawyers Electronic Magazine

Source: https://lsvn.vn/tho-nhi-ky-phat-meta-183-trieu-usd-do-vi-pham-luat-canh-tranh1666883165.html