A record-breaking penalty has been imposed on Meta, the parent company of Facebook, marking the largest fine ever levied against the tech giant. The settlement surpasses even the $18 billion agreement reached with California over privacy violations, signaling escalating regulatory pressure. Authorities have cited repeated failures to address data protection concerns as the justification for the unprecedented financial penalty. The case underscores growing global scrutiny over how major tech platforms handle user information.
The fine is the largest to date against Facebook's owner, larger than an $18bn deal with California.
