ANNOUNCEMENTS

Meta Decision of Turkish Competition Board

Turkish Competition Board (the “Board”) concluded the investigation about Meta Platforms Inc. (previous title Facebook Inc.), Meta Platforms Ireland Limited (previous title Facebook Ireland Limited), WhatsApp LLC and Madoka Turkey Bilişim Hizmetleri Ltd. Şti. and the Board determined that Meta Platforms Inc. has violated article 6 of the Act Nr. 4054 and fined Meta 346.717.193,40 Turkish Liras for abusing its dominant position in the social media and online advertising markets by collecting personal data through its own “Facebook, Instagram and WhatsApp” services, thereby obstructing the activities of its competitors and created barriers to entry into the market.

You may find the announcement through the link below (in Turkish).

Meta Decision of Turkish Competition Board