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Reading: Meta Warns India’s Antitrust Ruling Might Influence Options and Enterprise
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StockWaves > Financial News > Meta Warns India’s Antitrust Ruling Might Influence Options and Enterprise
Financial News

Meta Warns India’s Antitrust Ruling Might Influence Options and Enterprise

StockWaves By StockWaves Last updated: January 16, 2025 3 Min Read
Meta Warns India’s Antitrust Ruling Might Influence Options and Enterprise
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January 15, 2025January 15, 2025



Meta might must “roll again or pause” some options in India as a consequence of an antitrust directive that bans WhatsApp from sharing consumer knowledge with Meta for promoting functions.

Meta is difficult the Competitors Fee of India’s (CCI) November directive, which accused it of abusing its dominance and coercing WhatsApp customers into accepting a privateness coverage that allegedly expanded knowledge assortment and sharing.

The CCI imposed a $24.5 million nice and a five-year ban on WhatsApp’s data-sharing apply in India, which might have an effect on Meta’s capability to personalise adverts on Fb and Instagram.

Meta claims the data-sharing ban might power it to roll again or pause options and affect its industrial viability however has not quantified the financial affect.

Meta’s Indian entity, Fb India On-line Providers, reported $351 million in income for 2023-24, the very best in at the very least 5 years.

The Indian appeals tribunal will hear Meta’s enchantment, which might take weeks or months, with the potential of placing the CCI directive on maintain.

Meta faces related international challenges, together with accusations within the EU for failing to elucidate WhatsApp’s privateness coverage adjustments.

Meta argues that the CCI’s directive ought to have included consultations with the corporate and WhatsApp earlier than implementing adjustments, citing an absence of technical experience in understanding the implications.

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