European regulators published official information on a Facebook fine of 110 million euros ($ 122 million). The reason is deliberately to provide false and unreliable information when buying the WhatsApp messenger. The sale of this online service took place in 2014.
The European Commission has announced that the Facebook corporation has committed two gross violations. The first is to provide unreliable information about the way and form of merger between the two companies. The second mistake is to provide inaccurate and incorrect information in response to a formal request from the European Commission. These actions did not allow the European Commission to fully analyze the deal between the two countries and now decided to impose a fine on Facebook of 110 million euros.
Reuters noted that a "proportional deterrent fine" could reach $ 276 million or about 1% of Facebook's earnings.