Facebook Accused Of Misleading EU During WhatsApp Takeover

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The European Commission has accused Facebook of misleading them during the company's merger with WhatsApp. Let's all guess what the punishment will be. Wait for it...wait for it....a big ass fine! The article doesn't specifically say the EU will fine Facebook but we all know that's where this is going.

Facebook has until January 31st 2017 to respond — making it a cheery festive season for Zuckerberg et al. If the accusations are confirmed, the European Commission could fine up to one percent of Facebook's turnover. A spokesperson said it will "respect the Commission's process and are confident that a full review of the facts will confirm Facebook has acted in good faith."
 
a big ass fine

Pretty sure this is what Steve meant with that phrase.. if not, then I really don't know Steve at all!!

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I still can't get over the fact that Facebook paid $19 billion for a chat app. Like seriously, who does their financial oversight?
 
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