ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

META Meta Platforms Inc

500.73
0.50 (0.10%)
Last Updated: 19:01:11
Delayed by 15 minutes
Share Name Share Symbol Market Type
Meta Platforms Inc NASDAQ:META NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.50 0.10% 500.73 500.71 500.92 504.7699 497.11 498.50 5,447,655 19:01:11

Meta Faces Lawsuit From Spanish Media Over Advertising Practices -- Update

04/12/2023 2:07pm

Dow Jones News


Meta Platforms (NASDAQ:META)
Historical Stock Chart


From Oct 2023 to Apr 2024

Click Here for more Meta Platforms Charts.
   By Mauro Orru 
 

A group representing more than 80 media outlets in Spain filed a lawsuit against Meta Platforms, saying the Facebook and Instagram owner hadn't complied with European data-protection laws that require users' consent before their data are used for advertising profiling.

The Asociacion de Medios de Informacion said Monday that it was seeking more than 550 million euros ($598.6 million) from Meta, citing the "massive" and "systematic" use of personal data by the group's platforms without users' consent that handed Meta an "unfair" advantage in the advertising market.

AMI alleged Meta hadn't complied with European data-protection regulations from May 25, 2018, until earlier this year. AMI represents some of Spain's largest media publications, including El Mundo, El Pais, El Economista and Cinco Dias.

Meta hasn't yet received any legal claims or documents from AMI.

 

Write to Mauro Orru at mauro.orru@wsj.com

 

(END) Dow Jones Newswires

December 04, 2023 08:52 ET (13:52 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

1 Year Meta Platforms Chart

1 Year Meta Platforms Chart

1 Month Meta Platforms Chart

1 Month Meta Platforms Chart

Your Recent History

Delayed Upgrade Clock