EU Plans Meta Antitrust Fine
The EU plans to impose an antitrust fine against Meta Platforms for connecting its Marketplace classified advertisements with the social media network Facebook.
The US operator AT&T agreed to pay the US Securities and Exchange Commission (SEC) $6.3 million. The move was made to settle accusations of misconduct by a trio of investor relations executives, drawing a line under a matter dating to 2016.
A court filing on the settlement was issued on 3 December, in which the SEC stated executives Christopher Womack, Kent Evans, and Michael Black had each agreed to pay a $25,000 fine without admitting or denying wrongdoings associated with violations of fair disclosure to Wall Street analysts. In an emailed statement, AT&T claims it is committed to following all applicable laws.
The operator clarified while it was glad to reach a settlement, it neither admitted nor denied liability in the matter. The agreement came to a matter of months after a court rejected a move by AT&T to dismiss the case, after finding evidence relating to the release of smartphone sales data.