South Korea fines Meta about $15 mln over collection of user data
Portfolio Pulse from
South Korea has fined Meta Platforms $15.67 million for collecting sensitive user data and sharing it with advertisers without legal consent.
November 05, 2024 | 12:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Meta Platforms has been fined $15.67 million by South Korea for collecting and sharing user data without legal consent.
The fine indicates regulatory challenges and potential reputational damage for Meta Platforms, which could negatively impact investor sentiment and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100