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RE: LeoThread 2024-11-14 11:34

in LeoFinance12 hours ago

Meta has cumulatively faced billions of dollars in fines in Europe for a variety of infringements over the last several years. In September it was fined over $100 million related to a security breach in which user passwords were exposed. In January 2023, it was fined more than $400 million across a series of violations.

In May 2023, it was fined over $1 billion related to GDPR violations. Separately, it has faced other legal issues in Europe. In December 2023, we reported that it was facing a $600 million damages claim in Spain related to a privacy breach case. Regulatory cases can take years to complete, and Meta is in various stages of appeals around these fines.