Facebook Fined by Brazilian Regulators --Reuters

Date : 12/30/2019 @ 5:39PM
Source : Dow Jones News
Stock : Facebook Inc (FB)
Quote : 192.47  2.72 (1.43%) @ 1:00AM
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Facebook Fined by Brazilian Regulators --Reuters

Facebook (NASDAQ:FB)
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--Brazilian regulators have fined Facebook Inc. (FB), saying the social-media company improperly shared user data with developers of an app, Reuters reported Monday.

--The Ministry of Justice said it levied a fine of about $1.6 million against the company, the report said.

--Facebook has a 10 day period to appeal the decision, the report said.

--Facebook didn't immediately respond to a request for comment, according to the report.

 

Full story: https://www.reuters.com/article/us-facebook-brazil-fine/brazil-fines-facebook-1-6-million-for-improper-sharing-of-user-data-idUSKBN1YY0VK

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

December 30, 2019 12:24 ET (17:24 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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