Irish privacy regulator fines Meta more than $400 million

DUBLIN : Ireland's data privacy regulator fined Meta 390 million euros ($414 million) on Wednesday for breaches at its Facebook and Instagram services and said both must reassess the legal basis on how they run advertising based on personal data in the European Union. The order on how both social media companies run advertising was made in December by the EU's privacy watchdog, according to a confidential decision seen by Reuters last month, in which it overruled the Irish regulator's draft decision on that issue. It related to a 2018 change in the terms of service at Facebook and Instagram following the introduction of new EU privacy laws where Meta sought to rely on the so-called "contract" legal basis for most of its processing operations. Having previously relied on the consent of users to the processing of their personal data for targeted advertising, Meta instead considered that...