The Competition Board had imposed an administrative fine of 346.7 million lira on Meta yesterday and a large fine on the owner of Facebook, WhatsApp and Instagram. While this big fine given to Meta is still on the agenda, another flash development took place. Bad news for Meta came from the USA this time.
SHOCK PENALTY TO META FROM USA!
Meta, owner of Facebook, Instagram and WhatsApp in the US, was fined $24.7 million for willfully and repeatedly breaching the law on disclosure of political campaign financing.
Washington State’s King County Superior Court Judge Douglass North found Meta’s violation of the Fair Campaign Practices Act.
Judge North’s $24.7 million fine against Meta was the largest ever imposed under the Fair Campaign Practices Act.
Washington Attorney General Bob Ferguson stated that the maximum limit is appropriate since Facebook was sued for violating the law in 2018 as well.
Washington’s political campaign financing disclosure law requires advertising companies to record the information of their customers who receive political advertisements, their target audience, how the cost of advertising is paid, the number of views, and disclose them to the public upon request.
While television stations and newspapers abide by the law, Meta objects that “the law is unconstitutional and virtually impossible to fully comply with”.
While Facebook maintains archives of political ads it publishes, it does not disclose them when required by law. (AA)