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Facebook's Meta fined for breaches of Italian gambling ads ban

Published 22/12/2023, 16:09
© Reuters. FILE PHOTO: EU flag and Meta logo are seen in this illustration taken, May 22, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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ROME (Reuters) - Meta Platforms, the parent company of Facebook (NASDAQ:META), has become the latest tech company to be fined in Italy for breaches of a ban on the advertising of gambling.

Meta has been fined 5.85 million euros ($6.45 million) in connection with profiles and accounts on Facebook and Instagram, as well as sponsored content which promoted either betting or games with cash prizes, communications watchdog AGCOM said in a statement on Friday.

© Reuters. FILE PHOTO: A Meta logo is seen at the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, June 14, 2023. REUTERS/Gonzalo Fuentes/File Photo

There was no immediate comment from Meta.

Earlier this month, AGCOM announced fines for Alphabet (NASDAQ:GOOGL) Inc's YouTube and Amazon (NASDAQ:AMZN)'s Twitch for breaching the ban. YouTube and Twitch were fined 2.25 million euros and 900,000 euros respectively. ($1 = 0.9069 euros)

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