Turkey imposes daily fine of $160,000 on Facebook parent Meta, here’s why

Turkey's competition authority imposes a daily fine on Meta for insufficient documentation in a previous investigation. Meta faces a fine of 4.8 million lira per day until it submits a final compliance solution. Meta was required to outline measures to comply with the law and restore competition in the online video advertising market. The explanations provided by Meta were deemed insufficient. Meta announces restrictive content control settings for teens on Instagram and Facebook to protect children from harmful content.

Turkey imposes daily fine of $160,000 on Facebook parent Meta, here’s why
Turkey's competition authority imposes a daily fine on Meta for insufficient documentation in a previous investigation. Meta faces a fine of 4.8 million lira per day until it submits a final compliance solution. Meta was required to outline measures to comply with the law and restore competition in the online video advertising market. The explanations provided by Meta were deemed insufficient. Meta announces restrictive content control settings for teens on Instagram and Facebook to protect children from harmful content.