Turkey fined Meta $148k a day

Turkey's anti-monopoly authority on Monday ordered Facebook's parent company, Meta to pay a daily fine of about $148,000, citing the company's violation of the country's anti-monopoly laws, Al Monitor wrote.

Turkey's Competition Council said Meta violated the country's antitrust laws by abusing its dominant market position by allowing cross-platform data sharing between its Facebook, WhatsApp, and Instagram companies.

The Turkish watchdog said on Monday it considered the compliance measures offered to Meta to address the violations "insufficient" and ordered the company to pay 4.7 million Turkish liras daily until it takes measures that ensure compliance with the law.

Last year, the supervisory authority fined the company 346 million liras - or about $11.6 million at the exchange rate at the time - as part of the same investigation, which began in 2021.

In addition, the Turkish supervisory authority also announced that it was imposing temporary measures to suspend cross-platform data sharing between Instagram and Threads Meta.

The measure will remain in place until a final decision is made on whether Meta has violated the country's antitrust laws.

A Meta spokesperson said the company is evaluating the decision.