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Meta Fined Over $400 Million For Its Targeted Ad Practices

Photo Caption: The ruling could force Meta to make changes to its advertising business in the European Union (<a href="https://commons.wikimedia.org/wiki/User:Nokia621">Nokia621</a><a href="https://creativecommons.org/licenses/by-sa/4.0">Creative Commons Attribution-Share Alike 4.0</a>)

Meta, the parent company of Facebook and Instagram, illegally required users to agree to personalized and targeted ads and was fined $414 million for violating European Union rules, Ireland's Data Protection Commission (DPC) said Wednesday.

The big picture: Meta will pay about $223 million for violating privacy rules on Facebook and about $191 million for its practices on Instagram, the regulator said.

Driving the news: The ruling came after a pair of 2018 complaints alleged Meta, formerly called Facebook, did not properly comply with the General Data Protection Regulation (GDPR) rules.

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