Norway Data Protection Authority Says Will Fine Facebook Owner Meta Platforms Nok 1M Per Day From Aug 14
Portfolio Pulse from Benzinga Newsdesk
Norway's Data Protection Authority has announced it will fine Facebook owner Meta Platforms NOK 1M per day starting from August 14, according to Reuters.
August 07, 2023 | 7:08 pm
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Meta Platforms, the owner of Facebook, is facing a daily fine of NOK 1M from Norway's Data Protection Authority starting from August 14.
The fine imposed by Norway's Data Protection Authority could lead to significant financial implications for Meta Platforms. This negative news could potentially impact investor sentiment and cause a short-term decrease in the company's stock price.
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