Calling it a "proportionate and deterrent fine," the European Commission has slapped Facebook (NASDAQ:FB) with a €110M penalty for providing "misleading information" about its purchase of WhatsApp in 2014.
Facebook had said it could not automatically match user accounts on its namesake platform and WhatsApp but two years later launched a service that did exactly that.
The fine won't reverse the regulator's decision to clear the acquisition.
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