A Spanish court has ordered Meta to pay €479 million to 87 digital media outlets and news agencies after ruling that the company gained an unlawful competitive advantage through its use of personal data for behavioural advertising.
A Spanish court has ordered that the multinational tech company Meta pay 479 million euros ($551.76 million) to Spanish digital media outlets for unfair competititon practices and infringement of EU data protection regulation, the court said on Thursday.
Meta Platforms' stock is trading down, but its financial results continue to be strong. Pinterest's stock has fallen to bargain bin levels despite strong revenue and EBITDA growth.
Yann LeCun, one of the founding figures of modern artificial intelligence and a pivotal force at Meta Platforms , said on Wednesday he plans to leave the company at the end of the year to launch a new AI startup.
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