Meta found to have exposed info on North Korean defectors to advertisers
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Meta has been fined approximately $15.7 million by South Korea's data protection agency for improperly processing sensitive user data and sharing it with advertisers. This adds to Meta's ongoing privacy challenges.
November 05, 2024 | 3:45 pm
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Meta has been fined $15.7 million by South Korea for privacy violations, adding to its ongoing legal and regulatory challenges.
The fine indicates ongoing privacy issues for Meta, which could lead to increased regulatory scrutiny and potential financial liabilities. This may negatively impact investor sentiment and stock performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100