Meta faces 3.6 million dollars fine in Brazil for allowing bogus Havan ads
SÃO PAULO - Meta Platforms faces a fine of up to $3.62 million after losing a lawsuit by Brazilian department store chain Havan that accused the social media company of accepting paid advertisements that fraudulently use the retailer's name to deceive consumers.
A Santa Catarina state judge ruled on Monday that Meta had 48 hours to block ads that Havan did not contract and which mention it or its owner, billionaire Luciano Hang. If Meta does not comply, fines can go up to 20 million reais. In her ruling, Judge Joana Ribeiro said it was unacceptable for Meta to sell ads in an insecure way to sustain its business model.
In a statement on Monday, Havan called the decision "a landmark" in protecting the company's and Hang's rights.In the lawsuit, Havan said Meta profits from illicit ads without taking responsibility or verifying their legitimacy, leading fraud victims to sue the retailer. Earlier this year, Reuters' fact-checking service in Brazil verified three false Havan ads on Meta platforms that used Hang's image.Social media platform X back up after brief outage, Downdetector showsShutter-down strike across Pakistan halts business over rising taxes, electricity
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
US lawmakers press Meta over illicit drug adsUS lawmakers press Meta to explain illicit drug ads on its platform. The investigation focuses on ads promoting illegal drugs like...
مزید پڑھ »
Pakistan's internet firewall could cost economy 300 million dollars, association saysPakistan's economy could lose up to 300 million dollars due to internet disruptions
مزید پڑھ »
US launches antitrust probe into Nvidia over sales practices, The Information reportsShares of the company fell around 3.6% in premarket trading on Friday
مزید پڑھ »
Meta to pay 1.4bn dollars to settle Texas facial recognition data lawsuitIt agreed to resolve state’s lawsuit accusing meta of illegally using facial-recognition technology
مزید پڑھ »
Lingo Telecom agrees to $1 million fine over AI-generated Biden robocallsThe calls were directed by political consultant Steve Kramer
مزید پڑھ »
Brazil deploys military planes in 'war' on wildfiresBrazil takes action as Brazil wildfire military response intensifies, deploying military planes to combat the escalating wildfires...
مزید پڑھ »