The Turkish Competitors Board announced on Wednesday that it determined to wonderful Meta Platforms Inc. 4.8 million lira ($160,000) a day for failing to offer ample documentation as a part of a earlier antitrust investigation in 2022.
On January 11, 2021, the Turkish Competitors Board opened an investigation towards Meta Platforms Inc. (previously Fb Inc.), Meta Platforms Eire Ltd. (previously Fb Eire Ltd.), WhatsApp Inc. and WhatsApp LLC, over WhatsApp’s sharing of person knowledge with Fb. The board sought to find out whether or not Meta violated of Article 6 of the Act no 4054 on the Protection of Competition.
The board made a decision on October 20, 2022, discovering that:
- Meta was in a dominant place within the markets for private social community companies, client communication companies and on-line show promoting; and
- Meta had distorted competitors by complicating the actions of its rivals and creating boundaries to entry by combining knowledge collected from Fb, Instagram and WhatsApp companies in violation of Turkey’s Competitors Act.
Meta was fined 346.7 million lira for the violations and ordered to submit measures to terminate the violations inside 1 month of the choice and to implement the measures inside 6 months. Additionally it is required to file an annual report periodically to the board for a 5-year interval following the implementation of the corrective measures.
Meta acquired the choice on September 9, 2023, and submitted a request to increase the deadline for submitting the measures till December 19, 2023, which was accepted by the board. Meta submitted the supposed measures inside the prolonged deadline, however the board discovered the measures. Having thought-about the prolonged deadline of submission and Meta’s annual gross revenues in 2022, the board determined to impose a wonderful of 4.8 million lira per day till the ultimate compliance treatment is registered.
Meta said that they didn’t agree with the Turkish Competitors Authority’s findings “however will proceed to constructively cooperate with the Turkish Competitors Authority to resolve the matter at once.”
Notably, the Turkish Competitors Authority opened one other investigation towards Meta on December 12, 2023, concerning its tying of Threads with Instagram for a possible Article 6 violation.