"According to a court statement, the mercantile court No. 15 of Madrid ruled that Mark Zuckerberg's social media giant had exercised an unfair market advantage by extracting personal data of internet users in violation of European law and using it to create more effective advertising. The parent company of Instagram and Facebook will have to pay 481 million ($554 million) in damages to 81 Spanish media outlets which brought the suit to court."
""The illicit treatment of this enormous quantity of personal data meant Meta had an advantage that Spanish online media could not match," the court wrote in a statement. "Meta's actions harmed the online advertising revenues of Spanish digital media outlets." The court agreed with the Spanish media outlets that Meta had violated European regulations for five years, before the American company updated its legal base of consent on compiling personal data in 2023 to bring it in line with European law."
A Madrid mercantile court found that Meta extracted personal data of internet users in violation of European law and used it to create more effective advertising. The court concluded that Meta exercised an unfair market advantage that harmed online advertising revenues of Spanish digital media. Meta must pay €481 million in damages to 81 Spanish media outlets that brought the suit. The court determined the violations occurred over five years until Meta updated its legal basis of consent in 2023 to align with European law. Meta said it will appeal and called the ruling baseless.
Read at ABC News
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