Meta Hit With $552 Million Fine In Spain Over Ad Practices

GuruFocus
2025.11.20 19:27
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Meta Platforms has been fined $552 million by a Madrid court for unfairly using personal data to dominate Spain's online ad market, violating EU GDPR and Spain's antitrust laws. Meta plans to appeal, calling the ruling baseless. This comes amid a government investigation into Meta's privacy practices, signaling Spain's tougher stance on data handling by tech giants.