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“The Final order also imposes a monetary penalty of Two Hundred and Twenty Million U.S. Dollars only ($220,000,000.00) (at prevailing exchange rate where applicable) which penalty is in accordance with the FCCPA 2018, and the Federal Competition and Consumer Protection (Administrative Penalties) Regulations 2020 (APR),” said the FCCPC in a statement shared on X.
A spokesperson for Meta told TechCabal the company disagreed with the judgment and the fine and planned to appeal. The company also disputed the FCCPC’s central claim.
By Editorial.
Full story at Tech Cabal.
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