Meta was sued in India, Brazil, the UK, and the USA for the way they sold data in the 2010s, being fined Billions of dollars total. In July 2019 they were fined 5 Billion in a 3 to 2 vote by the FTC and they’re in the process of a 20 year settlement plan.
Meta also has a proposed trial date for December against the FTC and 46 states after their supposedly unlawful and aggressive mergers to acquire WhatsApp and Instagram, called Federal Trade Commission v. Meta Platforms, Inc. (formerly Federal Trade Commission v. Facebook, Inc.). The Mergers are why their evaluation keeps rising.
Meta was sued in India, Brazil, the UK, and the USA for the way they sold data in the 2010s, being fined Billions of dollars total. In July 2019 they were fined 5 Billion in a 3 to 2 vote by the FTC and they’re in the process of a 20 year settlement plan.
Meta also has a proposed trial date for December against the FTC and 46 states after their supposedly unlawful and aggressive mergers to acquire WhatsApp and Instagram, called Federal Trade Commission v. Meta Platforms, Inc. (formerly Federal Trade Commission v. Facebook, Inc.). The Mergers are why their evaluation keeps rising.