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Turkish competition board to fine Meta $160k per day for non-compliance

Turkish competition board to fine Meta $160k per day for non-compliance
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Meta Platforms Fined $160,000 A Day For Inadequate Documentation

(CTN News) - As a result of the investigation into Meta Platforms Inc., the parent company of Facebook, Turkey's competition authority..... ....

Meta Platforms Inc , Turkish Competition Board , Meta Platforms ,

Turkish competition board to fine Meta $160,000 per day for non-compliance

ISTANBUL (Reuters) -Turkey's competition authority said on Wednesday it had decided to fine Facebook parent Meta Platforms Inc 4.8 million lira ($160,000) a day for failing to provide sufficient documentation as part of a previous investigation. In a statement, the Turkish Competition Board said the result of a 2022 online video advertising market investigation required Meta to submit a document detailing compliance measures to stop its violation of the law and to reestablish competition in the market. The authority said it did not find explanations in Meta's compliance measures submitted to the board sufficient and decided to impose a daily fine effective from Dec. 12 until a final compliance solution is submitted to the board. ....

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Turkish Authorities Slap $160,000 Daily Fine On Meta

The Turkish Competition Authority on Wednesday said that it will be imposing a daily fine of 4.8 million Turkish lira ($160,000) on Meta. ....

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Turkish competition board to fine Meta platforms $160,000 per day

Turkish competition board to fine Meta platforms $160,000 per day
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