The Italian Competition Authority (AGCM) has again fined Facebook, this time for $8.4 million, for failing to comply with an order to how it informs users about the commercial uses of their data.
The AGCM had fined Facebook €10M for two violations of Italy's Consumer Code in 2018. The watchdog began investigating certain commercial practices by Facebook that year, including what it tells users at sign-up and the lack of an option out for advertising.
The AGCM launched further proceedings against Facebook in 2020 for failing to inform users “with clarity and immediacy” about how it monetizes data.
According to AGCM, Facebook Inc. has not complied with its warning against incorrect practices on data use and has not published the requested corrective declaration.
It added that their finding against Facebook are key information to weigh up in deciding to join Facebook, given the value it gains via the transfer of their data.
Facebook. which argued that it’s fair to say it provides ‘free’ service if there’s no monetary charge for use, has been fighting the AGCM’s order.
A decision of its appeal against the non-compliance proceedings, with a hearing taking place in September, is still pending.


CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Newly Released DOJ Epstein Files Expose High-Profile Connections Across Politics and Business
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Nintendo Shares Slide After Earnings Miss Raises Switch 2 Margin Concerns
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings
AMD Shares Slide Despite Earnings Beat as Cautious Revenue Outlook Weighs on Stock
Supreme Court Signals Skepticism Toward Hawaii Handgun Carry Law
CK Hutchison Unit Launches Arbitration Against Panama Over Port Concessions Ruling
Boeing Signals Progress on Delayed 777X Program With Planned April First Flight
Federal Judge Blocks Trump Administration Move to End TPS for Haitian Immigrants
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
Federal Judge Rules Trump Administration Unlawfully Halted EV Charger Funding
Australian Scandium Project Backed by Richard Friedland Poised to Support U.S. Critical Minerals Stockpile 



