Meta Fined EUR 390 Million by EU Regulator, Told to Reassess Legal Basis for Personalised Ads

Meta on Wednesday was fined EUR 390 million by the lead privacy regulator for the European Union and directed to reassess the legal basis on how Facebook and Instagram use personal data to target advertising in the bloc. The company said it plans to appeal the substance of the rulings and the fines imposed by the EU's lead privacy regulator.