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Meta fine sees EU break new ground on data exploitation

By Nicholas Hirst and Lewis Crofts ( November 14, 2024, 17:25 GMT | Comment) -- Meta Platforms’ collection of advertising data from rivals without self-imposed curbs on its use was the trigger for a new EU antitrust approach underpinning today’s 797 million euro fine. The decision will give pause for thought to dominant companies in Europe, in particular in the tech sector, while Meta will likely have to change its contracts as well as open up its app to comply.Meta Platforms’ collection of advertising data from rivals without placing limits on how it would use that information was at the heart of today’s sanction for the social media platform. ...

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