Ireland’s Data Protection Commission fines Meta €265M for failing to safeguard data on 500M+ users from data scrapers, the third fine by the DPC on Meta (Sam Schechner/Wall Street Journal)

Vincent Manancourt / Politico:
Ireland’s DPC fines Instagram €405M for violating children’s privacy under GDPR, the second highest fine under the law and the third for a Meta-owned company  —  The Irish Data Protection Commission has fined Meta-owned social media platform Instagram €405 million for violations of the General Data Protection Regulation.

Manish Singh / TechCrunch:
India’s market regulator tightens IPO disclosure norms after recent lackluster performance of tech startups; firms must disclose KPIs and past pricing details  —  India’s market regulator has tightened disclosure norms for firms looking to file for an initial public offering after lackluster performance …

Reuters:
South Korea’s privacy regulator fines Google $50M and Meta $22M for failing to obtain users’ consent when collecting behavioral information to show custom ads  —  South Korea levied fines running into millions of dollars on Alphabet’s (GOOGL.O) Google and Meta Platforms (META.O) …

Sam Schechner / Wall Street Journal:
Sources: EU privacy regulators rule that Meta’s TOS should not require that users agree to personalized ads based on their online activity; Meta can appeal  —  EU privacy regulators say Facebook, Instagram shouldn’t use their terms of service to require users to accept ads based on their digital activity

Sam Schechner / Wall Street Journal:
Amazon agrees to settle two EU antitrust cases related to third-party sellers on its platform, won’t pay a fine, and will adhere to commitments for seven years  —  Amazon.com Inc. has agreed to settle two European Union antitrust cases related to allegations about its treatment of third-party sellers …

Ana Paula Pereira / Cointelegraph:
IMF calls for more crypto regulation in Africa, says 25% of countries in sub-Saharan Africa have regulated crypto and two-thirds have imposed some restrictions  —  FTX’s collapse is one of the reasons why countries in the region should adopt regulation, noted the monetary fund.  —  120 Total views