Competition Bureau Slaps Facebook With Massive Fine

FacebookOnce again Facebook [TCO] finds itself on the wrong end of the law and fined a $9M penalty by Canada’s Competition Bureau as part of a settlement over the company’s handling of users’ personal information between August 2012 and June 2018.

While Facebook might not agree with the judgment, the fine is quiet real as the Bureau concludes “the company made false or misleading claims about the privacy of Canadians’ personal information on Facebook and [messaging app] Messenger”.

The competition watchdog said it found that Facebook’s privacy claims were not consistent with the way it shared personal dataof users with some third-party developers.

A Facebook spokesperson told Reuters that “although we do not agree with the Commissioner’s conclusions, we are resolving this matter by entering into a consent agreement and not contesting the conclusions for the purposes of this agreement”.