Turkish competition board fines Meta Platforms $18.6 million

This post was originally published on this site

In a statement, the Turkish Competition Board said it decided the company obstructed its competitors operating in social network services and online advertising markets as it merged data collected through Facebook (NASDAQ:META), Instagram and WhatsApp.

The fine was imposed according to the 2021 annual income of the company, the authority said.

($1 = 18.6080 liras)