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German Cartel Office Concludes Proceedings Against Meta

German Cartel Office Concludes Proceedings Against Meta

BERLIN – German cartel authorities ended proceedings against Meta Platforms (NASDAQ: META) over how personal data is used after intensive discussions that led to the U.S. owner of Facebook and Instagram agreeing to take measures addressing the concerns, they said on Thursday.

“The key point here is that using Facebook no longer requires consent to the unlimited collection and allocation of data to one’s own user account, even if the data does not actually arise in the Facebook service,” said cartel office president Andreas Mundt.

(Source: ReutersReuters)

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Maria Reed
Maria Reed is a financial journalist with a passion for covering US equities. She joined the ABBO News team in June 2023. Maria holds an M.S. degree in International Economics and Finance from Otto-von-Guericke University in Magdeburg and is a CFA Level 2 candidate.