The Italian antitrust regulator announced today that Facebook, the U.S. social media giant, has imposed another fine of 7 million euros for misleading practices in the protection of personal data.
The Italian Competition and Markets Authority (AutoritaGarante della Concorrenza e del Mercato, AGCM) stated that Facebook did not properly inform users about how they collected personal data and how it was used for commercial purposes.
The Italian Competition and Markets Authority already fined Facebook €5 million in 2018 for engaging in unfair trade practices; at the Time, it ordered Facebook to take corrective action.
The Italian Competition and Markets Authority said that the reason for the second fine today is that Facebook has ignored the authority’s order to change its actions.
The Italian Competition and Markets Authority said that even though Facebook no longer advertises free services, it “still does not provide immediate and clear information about the collection and use of user data for commercial purposes.
The Italian authority said, “Considering the economic value of the information provided by users to Facebook, representing the fees they pay for using Facebook, it is necessary for consumers to know this information in order to decide whether to join the service.”
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