Connect with us

Latest News

Facebook To Pay $122 Million Fine To The European Union

Published

on

facebook to pay $122 million fine to the european union, facebook, #facebook, facebook penalties, facebook to pay fine to the european union, european union fines facebook, facebook whatsapp, faceboo whatsapp deal, eu fines facebook, facebook fine, facebook eu fine, european union slaps facebook, eu slaps facebook, startup stories, startup stories india, startupstories

Facebook has to pay one of its largest fines– $ 122 million, to the European Union for misleading European regulators about its ability to identify users who had both Facebook and WhatsApp accounts during its 2014 acquisition of WhatsApp.

European regulators said during its 2014 acquisition of Whatsapp, Facebook notified the Commission that they would be unable to establish reliable automated matching between Facebook users’ and Whatsapp users’ accounts. However, in 2016 WhatsApp announced the possibility of linking WhatsApp users’ phone numbers with Facebook users’ identities, in an update to its Terms of Service and Privacy policy.

The European Commission added Facebook staff knew matching accounts was technically possible at the time of the WhatsApp acquisition review. The social networking company decided not to appeal this decision. In its defense Facebook maintains that the errors were ‘unintentional’ and were acted out in ‘good faith’, insisting that it did not affect the outcome of the acquisition.

The European Commission which handles the day-to-day operations of the European Union hopes that this fine will send a clear message to companies that they must comply with the EU merger regulations, including obligations to provide correct information or risk heavy fines.


Other large companies including Amazon, Google and Microsoft have been subject to antitrust investigations from the European Union regulators for violating EU regulations.

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest News

Unilever Introduces Innovative Color-Changing ‘Smart Label’ for Dove

Published

on

Dove_StartupStories

Unilever has launched a new innovation in personal care with the introduction of a color-changing “smart label” for its Dove Shower Sensor Deep Moisture Body Wash. This limited-edition product, available exclusively in Canada, integrates advanced packaging technology to promote healthier skin habits.

How It Works

The smart label activates when exposed to water temperatures above 41°C, displaying a “VERY HOT” warning. This feature encourages users to lower their shower temperature, helping to preserve the skin’s natural moisture—especially crucial during Canada’s cold winter months1.

A Step Towards Smarter Personal Care

This innovation reflects Unilever’s dedication to combining technology with personal care. Divya Singh, head of personal care at Unilever Canada, highlighted the product’s role in fostering better skin health through intuitive reminders. Singh stated that the sensor supports hydration and empowers consumers to maintain healthier habits confidently1.

Broader Implications

The smart label is part of a larger trend in packaging innovation, offering functionality beyond traditional use. Such advancements not only enhance user experience but also align with Unilever’s commitment to sustainability and digital transformation13.

This launch underscores Unilever’s focus on enhancing everyday products with technology while promoting skin health and environmental consciousness.

Continue Reading

Latest News

Quick Commerce Set to Boost HUL’s Revenue

Published

on

StartupStories

Unilever’s CEO, Fernando Fernandez, is optimistic about quick commerce’s growth in India, predicting it will significantly boost Hindustan Unilever Ltd’s (HUL) revenue. Currently, quick commerce accounts for about 2% of HUL’s revenue, but Fernandez expects this to rise to 10-15% within the next three to four years.

Why Quick Commerce?

India’s unique demographic, with affluent and economically active households living in close proximity, makes quick commerce a logical and profitable channel. The margin mix in quick commerce is also favorable for improving profitability12.

Market Trends

Quick commerce is rapidly expanding in India, with its contribution to ecommerce sales doubling annually. Major players like Blinkit, Swiggy Instamart, and Zepto are driving this growth, driven by consumer preference for convenience over discounts13.

Future Outlook

Fernandez’s strategy aligns with Unilever’s goal to transform its business and meet evolving consumer preferences. Leveraging quick commerce will be key to enhancing HUL’s revenue in India, a crucial market for Unilever

Continue Reading

Latest News

Social Media Platform X Faces Global Outage

Published

on

Social Media Platform X Faces Global Outage

Elon Musk’s social media platform X, formerly known as Twitter, experienced a significant global outage on Monday. The disruption began around 3:20 PM IST, with over 19,000 reports of issues globally, according to Downdetector.

Impact by Region

  • United States: Over 21,000 users reported issues, primarily with the app.
  • United Kingdom: More than 10,800 incidents were recorded.
  • India: Nearly 2,300 users faced difficulties, though some reports suggest around 1,000 complaints, mainly with the search bar.

Nature of the Outage

The outage affected both web and mobile app versions, preventing users from accessing timelines or posting content. The cause remains unclear, as X has not issued an official statement.

Resolution

Services resumed after about 30-40 minutes, but concerns about the platform’s reliability have increased due to its recent technical issues

Continue Reading
Advertisement

Recent Posts

Advertisement