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Record Fine To META

Record Fine To META

Turkiye
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With its announcement dated 10.01.2024, the Competition Authority imposed an administrative fine of TL 4,796,152.96  per day (on the basis of its gross revenues in 2022) on META Economic Unity commencing from 12.12.2023 until the Final Compliance Remedy is submitted to the Competition Authority. 

Reason of Violation: On 11.01.2021, the Competition Authority initiated an ex officio investigation on  META. During this investigation, it was found that META companies have been involved in data sharing among themselves since 2016. With this investigation, it was determined that Facebook violated article 6 of the Law No. 4054 by making it difficult for competitors in the online video advertising market and personal social network services by merging data collected from its core services Facebook, Instagram and Whatsapp, and creating barriers to entry in the market. In this context, it was rendered that, META should take necessary measures to end the said violation and ensure effective competition, as well as submit these measures to the Competition Authority, implement the necessary measures within 6 months, and from the start of the initial compliance measures submit reports to the Competition Authority once a year for a period of 5 years. 

Extension Request: Upon notification of the said decision to META, the Competition Authority accepted the extension request and granted time to META until 09.12.2023 for the submission of the measures (the deadline for submission of the measures is 11.12.2023). 

Conclusion: Although META submitted compliance measures to the Competition Authority within the given period, the Competition Authority rendered a decision that the proposed solutions by META is not sufficient enough. Therefore the Competition Authority imposed an admistrative fine for each day starting from 12.12.2023 until the Final Compliance Remedy is registered within the Competition Authority.

By Ozge Tuncel, Associate Partner, and Esra Agic, Senior Associate, KP Law

KP Law at a Glance

Based in Istanbul, Turkey, KP Law is an independent full-service law firm providing multidisciplinary solutions to the clients worldwide. With over 55 lawyers and specialists, KP Law makes the best of agile & holistic approach as a strategic partner to your business with well analyzed reality checks, risk monitoring and pragmatic solutions. The firm has a distinguished status with built trust, a consistent high quality and stands out as a preferred vendor of Big4 as well as large size consultancy firms. Thanks to this accumulated knowledge and track record international experience, the team is intensely committed to high quality strategic approach and value-based delivery with commercial awareness and deep understanding of industry dynamics.

KP Law is led by Founding Partner Att. Onur Kucuk, a skilled negotiator, trusted by top executives, multinational clients to advise on critical projects and large-scale, cross-border transactions with 25+ years of experience in corporate and M&A. He leverages his professional and communication skills to be an inspiring leader for each and every one of his teams. He is a prominent speaker, author, and lecturer with contributions to industry publications and mainstream press, in cooperation with various organizations including Harvard Business Review Türkiye, Bahçeşehir University, and Board Membership Mentoring and Development Program and member of International Bar Association (IBA).

Our Services: KP Law has a leading practice focused on Mergers and Acquisitions, Corporate, Commercial Law, Intellectual Property, Employment and Contracts, Data Protection & Technology, Tax Law, Capital Markets, Arbitration as well as Litigation and Arbitration across a wide range of industries with particular emphasis on the retail, industrial manufacturing, fintech, e-commerce, and energy sectors.

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