Author: Marketforces Africa

MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

Facebook’s WhatsApp Fined $266m by Ireland over privacy Breaches Facebook’s (FB) WhatsApp was fined a record 225 million euro ($266 million) by the Irish data protection regulator on Thursday after the EU privacy watchdog pressured Ireland to raise the penalty for the company’s privacy breaches. WhatsApp said the fine was “entirely disproportionate” and that it would appeal. Still, the Irish fine is significantly less than the record $886.6 million euro fine meted out to Amazon by the Luxembourg privacy agency in July. Austrian privacy campaigner Max Schrems, who has taken on Facebook in several privacy cases, said the initial fine…

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