Facebook Gets $4m Fine From Hungary for Claim Services Are Free
Photographer: Andrew Harrer/Bloomberg
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Hungary’s competition watchdog handed Facebook Inc. a 1.2 billion forint ($4 million) fine for claiming its services were free.
Facebook made a profit from utilizing users’ online activity and data, which served as “payment” for the services, the Budapest-based authority said in an emailed statement on Friday. Claiming the website was free may have misled users regarding the value of the data they were giving the technology firm, it said. A Facebook spokesman was not immediately available for comment.