Meta on Monday was fined a record 1.2 billion euros ($1.3 billion) and ordered to stop transferring data collected from Facebook users in Europe to the United States, in a […]
Fines (Penalties)
Trending topics and news from the Fines (Penalties) category
Back to news homeGoodRx Leaked User Health Data to Facebook and Google, F.T.C. Says
Millions of Americans have used GoodRx, a drug discount app, to search for lower prices on prescriptions like antidepressants, H.I.V. medications and treatments for sexually transmitted diseases at their local […]
Meta Fined $414 Million After Ad Practices Ruled Illegal Under EU Law
Meta suffered a major defeat on Wednesday that could severely undercut its Facebook and Instagram advertising business after European Union regulators found it had illegally forced users to effectively accept […]
Coinbase Reaches $100 Million Settlement With New York Regulators
Coinbase, a publicly traded cryptocurrency trading exchange based in the United States, agreed to pay a $50 million fine after financial regulators found that it let customers open accounts without […]
Wells Fargo to Pay $3.7 Billion Over Consumer Banking Violations
Wells Fargo’s yearslong mistreatment of its customers has resulted in another record-breaking fine and a warning that more restrictions on its ability to do business could soon follow.On Tuesday, the […]
Amazon Agrees to Change Some Business Practices in EU Settlement
Placement inside the Buy Box is a major driver of sales for companies that sell on Amazon, but if Amazon sees a product for sale at a lower price on […]
How Credit Suisse Became a Meme Stock
The longstanding troubles of Credit Suisse recently grabbed the attention of amateur investors whose social media posts sparked fears that the bank was running out of money. Read More
China’s Public Puts on a Show of Zero Covid for an Audience of One
As fire was raging in the mountains surrounding the southwestern Chinese metropolis of Chongqing, 10 million residents stood in 100-plus-degree heat to get Covid tests. Two cases were detected that […]
Meta Fined $400 Million for Treatment of Children’s Data on Instagram
LONDON — Meta was fined roughly $400 million for breaking European Union data privacy laws for its treatment of children’s data on Instagram, the latest in a series of steps […]
China Fines Didi $1.2 Billion as Tech Sector Pressures Persist
For Didi, once hailed as an innovator and disrupter in China’s staid transportation sector, it has been a fast fall from grace. The company was considered the pride of China’s […]