EU accuses Facebook of providing misleading information about WhatsApp acquisition

The European Commission could hit Facebook with a colossal fine for providing misleading information during its $19bn takeover of WhatsApp. The social networking giant could be hit with a fine equivalent to 1 percent of annual sales (around $125m) for failing to correctly communicate planned changes to privacy policies. The data sharing between WhatsApp and Facebook is already the subject of investigations, but this latest accusation comes as a fresh blow. The merger between Facebook and WhatsApp saw the social media company "intentionally or negligently" submitting misleading information, the commission says. Despite having said that it would not merge data… [Continue Reading]