After being forced to sell back Giphy by UK regulators, Mark Zuckerberg's Meta has been hit by a $414 million fine by Irish regulators for violating privacy norms. It has also been banned from forcing personalised ads on European users.
Meta's business relies largely on ads which target users based on their online activity, but the two fines and a ban on doing so in the EU, will deal a major blow to its revenue model. Meta is already haunted by falling ad revenues, and it also led to thousands of employees being laid off from the Facebook parent.
This isn't a first for Meta, which has been slammed for personal data leaks in different parts of the world in the past.
Bombay HC Orders Nariman Point Co-op Society To Grant Full Membership To Filmmaker Ramesh Sippy
Maharashtra Crime: Gold Jewellery Worth ₹5.5 Crore Stolen From AC First Class Coach On Siddheshwar Express Between Solapur–Kalyan; GRP Forms 3 Teams To Track Culprits
Supreme Court Slams Allahabad HC For 'Insensitive' Remarks In Attempted Rape Case; Orders Trial To Proceed Under Original Charges
Uttar Pradesh Politics: BSP Chief Mayawati Flags Concerns Over Speedy Voter List Revision; Warns Poor & Migrant Workers May Lose Voting Rights
